Soybean futures bullish circuit

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MUMBAI: Imported palm oil traded at Rs 115 to Rs 1,150 per 10 kg in the Mumbai Oilseeds Market today. Palm oil prices rose in the world market. When soyoil prices fell. At home, however, soybean futures rose six per cent today, signaling a bullish circuit.

The futures had risen to Rs. Soyoil futures rose by Rs 10 per 10 kg today, while crude palm oil CPO futures rose by Rs 5.

Castor futures, however, declined by Rs 5 to Rs 5 per kg. In the Mumbai spot market today, the price of 10 kg of cingulum oil was Rs 120 and cottonseed oil was Rs 15. On the Saurashtra side, there were indications that the price of cingulum oil was Rs.150 and Rs.1550 for 15 kg and Rs.1200 for cotton washed.

Meanwhile, palm oil was trading at Rs 115 and crude palm oil CPO Kandla was trading at Rs 1,150 in the Mumbai market. In the Mumbai market today, soyoil was quoted at Rs 115 for digam and Rs 15 for refined, while sunflower was quoted at Rs 1,150 and refined for Rs 150.

Meanwhile, palm oil futures in Malaysia rose 30 points in global trade today. At the Navi Mumbai port, the price of sunflower was Rs. Prices of sunflower in Chennai ranged from Rs 1,200 to Rs 150. Meanwhile, total palm oil exports from Malaysia were reported to have increased by about 3 to 4 per cent in the first 15 days of November.

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