Soybean sell-off: Futures bullish circuit works again

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(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was slow today. Prices remained sluggish. However, in the futures market, soybean futures rebounded by 3% at one point today and the bullish circuit was enforced again.

There was news that soybean growers were hesitant to sell to farmers. In the Mumbai spot market, the price of cingulum oil is Rs.150, cottonseed oil is Rs.150, mustard is Rs.1210 and ref. CPO Kandla was priced at Rs.

On the Saurashtra side, prices of cingulum oil fell from Rs 1,200 to Rs 15 per kg, Rs 1,100 per 15 kg and Rs 1,610 per kg of washed cotton. In the evening trade, CPO was at Rs 1,150 and soyoil futures at Rs 19.50.

In Malaysia, meanwhile, palm oil futures were at a 9-point pulse today, while palm product prices were down ડો 10. There was news that palm oil futures bounced back from a high of 8 to 20 points at one point today.

At home today, the price of palm oil in various deliveries at Mundra-Hazira was Rs. Soybean income in Madhya Pradesh today was 3 lakh 50 thousand times and All India income was 3 lakh 10 thousand times.

In Madhya Pradesh, prices were rising from Rs 2,100 to Rs 500. Mustard's revenue was 3 thousand times in Rajasthan and All India's revenue was 1 lakh 3 thousand times. At Jaipur, the price of mustard ranged from Rs 5 to Rs 20. Prices for various deliveries at the Navi Mumbai port ranged from Rs 150 to Rs 150 per sunflower. Soyoil Digam was at Rs 1,310.

Prices of sunflower at Chennai port ranged from Rs 150 to Rs 150. According to ITS sources, palm oil exports from Malaysia grew by about 10-11 per cent in the first three days of November. In the US, soybean prices fell by 3 points in overnight trade while soymeal prices fell by 3 points. On the other hand, there was news that soyoil prices had gone up by 20 points.

The present price of Mumbai castor was Rs. 4 per kg today. While the price of spot castor was being quoted at Rs. In the Mumbai flour market today, the price of groundnut was Rs. 8,000 per tonne, cottonseed meal was Rs. 500, sunflower meal was Rs. 31,000 and soymeal was Rs.

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