Further decline in various edible oils

Cotton prices in the US fell to a six-week low

(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils declined in the Mumbai Oilseeds market today. The new demand was wing. The weather in the world market, however, was mixed. Palm oil futures in Malaysia were up 3 points today.

In the US, soyoil prices were projected to be in the range of 4 to 5 points in the projection this evening. Meanwhile, in the Mumbai spot market, the price of 10 kg of groundnut oil fell by Rs 1,310 and cottonseed oil by Rs 150. When

On the Saurashtra side, there was news that the price of cingulum oil was Rs. 150 and Rs. In Mumbai, imported palm oil was priced at Rs 1,150 while crude palm oil CPO Kandla was down at Rs 1,105. In the futures market, CPO prices were quiet at Rs 1,109.50 in the evening. Soyoil futures were trading higher at Rs 2.50.

Meanwhile, soybean futures rose by Rs 150 to Rs 15 per kg this evening. While castor futures were at Rs 50 plus. Mumbai-based castor oil prices were also soft at Rs 10. In the Mumbai flour market today, the price of castor flour fell by Rs 500 per tonne, while the price of groundnut flour fell by Rs 1,000 and that of soymeal flour fell by Rs 2,000. The others, however, were quiet.

In the Mumbai market, soyoil prices fell to Rs 1,150 for digam and Rs 1,415 for ref, while sunflower was priced at Rs 1,200 and Rs 150 for ref. Mustard was quoted at Rs 1,200 and Rifa at Rs 150. The price of rice bran was quoted at Rs. Coparel prices were hitting Rs 1,200 per 10 kg.

Meanwhile, at Mundra-Hazira, various deliveries were being offered at Rs 115 to Rs 115 for palm oil, Rs 1,200 to Rs 1,310 for soyoil and Rs 150 to Rs 12 for sunflower.

Soybean income in Madhya Pradesh today was 3 lakh 50 thousand times and All India was 3 lakh 50 thousand times. Prices in Madhya Pradesh ranged from Rs.500 to Rs.600. US cotton prices fell to a six-week low.

In India, the soybean crop was projected to reach an estimated 115 lakh tonnes in the 2020-21 (October-September) crop year. In the US overnight trade, cotton prices were down 19 points, while soybeans were up 3 points. However, soybean oil was 5 points softer overnight, while soymeal prices were up 3 points.