In the world market, palm oil and soyoil are facing each other

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(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils witnessed a general decline in the Mumbai Oilseeds market today. New demand was palpable, palm oil futures in Malaysia broke 108 points today. However, in the US agricultural market this evening, the prices in the projection were 4 to 5 points plus.

The futures market was also down today. Crude palm oil CPO futures fell by Rs 19.50 per 10 kg to close at Rs 1,100 today, while soyoil futures fell by Rs 2.50 to Rs 19. Soybean futures, however, showed a slow recovery while castor futures were trading soft at Rs 30-9 in the evening.

Meanwhile, prices of 10 kg of cingulum oil and cottonseed oil fell to Rs 1,200 and Rs 150, respectively, in the Mumbai spot market today. On the Saurashtra side, prices were lower at Rs 115 to Rs 1,150 for cotton washed, Rs 150 to Rs 12 for cingulum oil and Rs 4,150 to Rs 500 for 15 kg.

Meanwhile, in the Mumbai spot market, imported palm oil fell by Rs 115 while CPO Kandla fell by Rs 1,150. Soyoil prices fell from Rs 1,150 to Rs 115 for digam and Rs 15 for ref. The price of sunflower fell to Rs. 1200 and Rs. Mustard prices fell to Rs 1,310 and ref.

Coparel was priced at Rs 120 per 10 kg and rice bran at Rs 150. The spot price of castor oil and the spot castor price were showing a slight decline today. In the Mumbai flour market, the price of a ton of groundnut flour fell by Rs 2,000. Soymeal meal prices remained soft at Rs 600 to Rs 700 per tonne while castor meal prices were quoted at Rs 1,050 per tonne.

Soybean income in Madhya Pradesh today was 3 lakh 50 thousand times and the spot price there was Rs. 2000 to 500 per kg. There were indications that such income in Maharashtra was 3 lakh 50 thousand times while All India income was 2 lakh 50 thousand times.

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