Peanut oil prices rise again: Castor and castor oil prices rise

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(Gujarat News Office) MUMBAI: In the Mumbai oilseeds market, cingulum oil prices rose again today on the back of stagnation while cottonseed oil continued to decline. Meanwhile, prices of imported edible oils were higher today. The futures market was also bullish. Castor and castor markets saw a slowdown today.

Castor futures were quoted at Rs 5, up Rs 105 from Kiev. While the spot castor price in the Mumbai market today was quoted at Rs 6, a jump of Rs. The price of castor oil present in Mumbai jumped by Rs. 5 per 10 kg and was quoted at Rs.

Meanwhile, cingulum oil prices rose by Rs 10 per kg to Rs 15. While cottonseed oil prices fell to Rs 150. On the Saurashtra side, the price of cingulum oil rose to Rs 1,200 and Rs 15 per 15 kg. There were indications that the price of cotton washed was down to Rs 150.

In the global market, palm oil futures in Malaysia rose 30 points today, while soyoil prices in the US this evening were projected to be 20 to 31 points higher. Palm oil prices rose to Rs 1,705 in the Mumbai market today

Direct refineries in palm oil today traded 500 to 200 tonnes at the refinery for delivery till November 8 at Rs 1,505. There were sporadic trades in hawala resale. Crude palm oil CPO Kandla was quoted at Rs 1,150. In the futures market, CPO prices rose by Rs 115.50 and soyoil futures by Rs 19.50, while soybean futures rose by two and a half cents.

In the Mumbai spot market, the price of soyoil rose to Rs 15 from Digam, Rs 1,205 from Rifa, Rs 150 from Sunflower and Rs 150 from Rifa. Mustard was priced at Rs 150 and Rifa at Rs 150. In the Mumbai flour market, soymeal and castor meal prices remained soft at Rs 500 to Rs 700 per tonne today. While others were quiet.

Meanwhile, various delivery prices at Mundra-Hazira were quoted at Rs 150 to Rs 150 for soyoil and Rs 15 to Rs 150 for sunflower. Soybean income in Madhya Pradesh today was 3 lakh times and All India income was 3 lakh 50 thousand times.

In Madhya Pradesh, the price was Rs. Prices for various deliveries at the Navi Mumbai port ranged from Rs 150 to Rs 150 for sunflower while at Kandla, soyoil prices were quoted at Rs 150. In Chennai, the price of sunflower ranged from Rs 150 to Rs 150.

In the US agricultural markets, cotton prices rose 12 points in overnight trade, while soybean prices rose 3 points. Soyoil prices fell 3 points overnight while soymeal prices showed a slow decline.

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