Peanut oil rises: Castor futures fall bearish circuit

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(Gujarat News Office) MUMBAI: Cingulum oil prices rose in the Mumbai Oilseeds market today while cottonseed oil prices were hitting, the weather in the world market was mixed. In Malaysia, palm oil futures were 15 points softer today, while soybean oil prices in Anerika were projected to be in the range of 4 to 5 points in the projection this evening. New demand in the Mumbai market was slow. In the Mumbai spot market today, the price of 10 kg of cingulum oil is Rs. 120 and cottonseed oil Rs. 1500 lived.

Saurashtra side price of Singtel Rs. 15 and 18 kg Rs. 2050 and cotton washed Rs. 1140 to 1140 were speaking. Imported palm oil prices fall by Rs. 115 remained. Crude Palm Oil CPO Kandla Price Rs. 1108 remained. In the futures market, CPO prices were showing a slow decline and soyoil prices were showing a slow recovery. Meanwhile, in the castor futures market, the lower circuit today saw the price fall by four per cent, while soybean prices touched Rs. There were indications of staying in minus 8 to 20.

Meanwhile, in the Mumbai flour market today, the price of sunflower flour is Rs. The price of soymeal was Rs. 600 and the price of castor meal is Rs. 1000 fell. However, others were quiet. Mumbai spot castor and castor oil prices were fluctuating in both directions. Meanwhile, India's total edible oil imports rose to 11.5 lakh tonnes in November from 10.3 lakh tonnes in October, according to The Solvents Extract Association of India.

Such imports stood at 100.5 lakh tonnes in November last year. Imports of soybean oil in the country rose sharply from 9 lakh 18 thousand tonnes in October to 8 lakh 6 thousand tonnes in November. On the other hand, imports of crude palm oil CPO fell to 7.5 lakh tonnes from 4.5 lakh tonnes, experts said.

In the Mumbai spot market today, soyoil prices fell by Rs. 115 to 1150 of its refined Rs. 1210 while the price of sunflower was Rs. 1150 and Rs. 120 remained. The price of mustard is Rs. 150 and Rs. 1210 were speaking. Coparel price is Rs. 1500 and Rs. 1150 remained.

Mundra- The prices of various deliveries at Hamira are Rs. 115 to 115, soyoil Rs. 1150 to 1500 and Rs. 150 to 150. It was reported today that Malaysian and Chinese companies have signed agreements for second generation biodiesel and biofuel jets. In the first ten days of December, total palm oil production in Malaysia was reported to have declined by about 2.50% to 8.00%.


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