Decline in spot and futures market in various edible oils

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(Gujarat News Office) MUMBAI: Overall prices were sluggish in the Mumbai oilseeds market today with fresh demand. Imported palm oil traded at Rs 1,150 per 10 kg on Wednesday, after trading between 200 and 300 tonnes. In Malaysia, palm oil futures were down 3 points, while soyoil prices in the US were projected to rise by 5 to 20 points this evening.

Meanwhile, in the Mumbai spot market, the price of cingulum oil was Rs 150 and cottonseed oil was Rs 150. Behind Saurashtra, the price of cingulum oil is Rs. The prices of cotton washed ranged from Rs.

In the Mumbai market, imported palm oil was down by Rs 115 today while crude palm oil CPO Kandla was quoted at Rs 1,105. In the futures market, CPO prices fell by Rs 5 while soyoil futures fell by Rs 2.50. Soybean futures fell by Rs 5 while castor futures fell by Rs 20 to Rs 5.

Meanwhile, in the Mumbai spot market, soyoil prices fell to Rs 1,150 for digam and Rs 1,403 for ref. The price of sunflower fell to Rs. 1150 and Rs. Mustard prices fell to Rs 150 while ref.

Production of palm oil in Malaysia has declined recently and now there is a possibility of an increase in production after April next year, market experts said. In various deliveries at Navi Mumbai port, Bhava sunflowers ranged from Rs. Soyoil Digam was at Rs 1,150.

Sunflowers in Chennai ranged from Rs 1,200 to Rs 1,610. Experts were pointing out that palm oil imports to India are likely to touch 3 million tonnes in 2021-2.

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