Winds of decline behind Saurashtra in Singtel, Cottonseed Oil

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(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils declined in the Mumbai Oilseeds market today. The world market was soft. Following the fall in world crude oil prices, palm oil futures in Malaysia fell by 3 points.

There was a new demand in the Mumbai market today. In the Mumbai spot market, the price of 10 kg of cingulum oil fell by Rs 150 while that of cottonseed oil fell by Rs 15. On the Saurashtra side, prices of cingulum oil fell to Rs 1,200 and 15 kg from Rs 4,050 to Rs 6,050 per kg, while cotton washed prices fell to Rs 1,200. In the Mumbai market, the price of imported palm oil fell to Rs 115. Crude palm oil CPO Kandla was down by Rs 1,150.

Meanwhile, in the futures market this evening, the CPO price fell by Rs 15.50 to Rs 1112 while the soyoil futures price fell by Rs 19.50 to Rs 19. Soybean futures were quoted at Rs 5 per kg today. While castor futures were up by Rs 5 to Rs 50. Mumbai spot castor and castor oil prices were showing a slight improvement today.

Meanwhile, in the Mumbai market today, soyoil prices fell by Rs 1,200 for digam and Rs 150 for ref. Prices of sunflower and mustard, however, remained calm. Coparel was quiet. The price of rice bran was Rs.

In the Mumbai flour market, the price of a tonne of cottonseed meal fell by Rs. Soymeal prices jumped by Rs 200 per tonne to Rs 40,000 to Rs 2,000 today. Castor meal prices remained soft at Rs 100 per tonne. Meanwhile, palm oil production in Malaysia was reported to have fallen by 3 to 4 per cent in the first three days of November.

At home today, soybean income in Madhya Pradesh was 3 lakh 50 thousand times while All India income was 3 lakh 50 thousand times. Prices in Madhya Pradesh ranged from Rs.500 to Rs.600. The price of sunflower at Navi Mumbai port was Rs.150 for various deliveries. Soyoil Digam was at Rs 1,310.

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