Soybean and soyoil prices rose in the world market

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(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was sluggish today. When the banks were closed, the markets were full of trades. Malaysia's palm oil markets were closed today. Prices were up in the US. After overnight strength there, soyoil prices were trading at 6 points plus in today's projection. In the Mumbai spot market, the price of 10 kg of cingulum oil was Rs 150 and cottonseed oil was Rs 1,200.

Producers were quoted at Rs 1,200 for cingulum oil and Rs 20 for 15 kg, while cotton was priced at Rs 150 to Rs 15 per kg. In the Mumbai market, the price of imported palm oil was Rs 1,205 while crude palm oil CPO Kandla was priced at Rs 115 to Rs 1,150. In the futures market, CPO futures were quoted at Rs 1,117.50 and soyoil futures at Rs 19.50 this evening.

Soybean futures, however, declined by Rs 20 to Rs 5. In the Mumbai spot market, soyoil prices were quoted at Rs 150 for digam and Rs 1,203 for ref. While the price of sunflower was Rs. 15 and Rs.

Meanwhile, at Mundra-Hazira, palm oil was quoted at Rs 1,150 to Rs 115 for various deliveries, while soyoil was quoted at Rs 12-13 and sunflower at Rs 150-14. Prices of various deliveries at Navi Mumbai port ranged from Rs 120 to Rs 150 for sunflower and Rs 150 to Rs 150 per kg.

Meanwhile, according to market reports, Malaysia has decided to keep the export tax on crude palm oil CPO at 5 per cent for the month of November. Cotton prices fell by 3 points in overnight trade in US agricultural markets. While there, soybean prices rose by 3 points. Soymeal prices were up 12 points, while soyoil prices were up 3 points overnight.

Meanwhile, according to the Cotton Association of India, the country's cotton crop has reached 3 lakh bales in the 2020-21 crop year. Earlier, the estimate was 3.50 lakh bales, but now it has been slightly reduced. The new season of Rooney has started in the country from the month of October. Then the balance stock of the previous season is shown to be 3 lakh bales at the beginning of the new season.

In the Mumbai market today, the spot price of castor oil went up by Rs 3 while the spot price of castor rose by Rs 20 to Rs 50 per kg. In the Mumbai flour market, the price of a tonne of sunflower flour and castor flour was raised by Rs 200 and Rs 200 per tonne today. While others were quiet.

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