Edible oils rose again after the shock in the world market

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(Gujarat News Office) MUMBAI: The total demand for imported palm oil in the Mumbai oilseeds market today was hawala resale and direct delivery from refineries, with a total turnover of around 700 to 800 tonnes.

In the Mumbai spot market, 10 kg of palm oil was priced at Rs 1,150 and crude palm oil CPO Kandla was priced at Rs 1,805 while cottonseed oil was priced at Rs 150. Soyoil prices were quoted at Rs 115 for Digam, Rs 15 for Rifa, Rs 1,610 for Sunflower and Rs 1,310 for Rifa.

Mustard was quoted at Rs 150 and Rifa at Rs 150. Castor oil prices ranged from Rs 12 to Rs 15 per kg while spot castor prices were Rs 50 per kg. Coparel was priced at Rs 120 per 10 kg and rice bran oil at Rs 150.

In the Mumbai flour market today, the price of a ton of groundnut was Rs 5,000, cottonseed meal was Rs 31,000, sunflower meal was Rs 2,000 and soymeal was Rs 3,500 to Rs 700.

Meanwhile, the prices of various deliveries at Mundra-Hazira were Rs 115 to Rs 115 per 10 kg of palm oil, while soybean oil was quoted at Rs 150 to Rs 150 and sunflower at Rs 15 to Rs 150. In the global market, palm oil futures in Malaysia had broken more than 100 points in early trading and were expected to close at 15-14 points higher at the end of the day.

At home today, soybean income was 1 lakh 30 thousand times in Madhya Pradesh, 1 lakh 30 thousand times in Maharashtra and All India income was about 3 lakh 50 thousand times. In Malaysia, palm oil production was reported to have declined by about 15 to 18 per cent from November 1 to 5.

Meanwhile, soyoil prices in the US agricultural markets were projected to be 4 to 5 points higher in the projection this evening. At home, soyoil futures were trading at Rs 15 in the evening and crude palm oil CPO futures were trading at Rs 1,117.50. Soybean futures were soft at Rs 5-7 while castor futures were up by Rs 4-5.

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