Soybean revenue declines amid unfavorable weather: bullish circuit in futures

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(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils rose in the spot and futures markets. Demand was also rising. Today, 100 to 150 tonnes of imported palm oil traded at Rs 115 to 115 per 10 kg. Malaysia's palm oil markets were closed today, while soybean oil prices in the US were projected to be 4 to 5 points higher in the projection this evening.

In the Mumbai spot market today, the price of 10 kg of imported palm oil rose by Rs 115 while crude palm oil CPO Kandla rose by Rs 1112. In the futures market, CPO prices rose by Rs 15 to Rs 12 and soyoil futures by Rs 15 to Rs 20 this evening.

Soybean futures jumped 4%. Castor futures were raised by Rs 20 to Rs 5. In the Mumbai spot market today, the price of cingulum oil was Rs 120 while cottonseed oil was up by Rs 150. On the Saurashtra side, the price of cotton washed rose from Rs 115 to Rs 1,150 per kg, while the price of cingulum oil was Rs 12 and Rs 15,050 per 15 kg.

In the Mumbai market, the spot price of soyoil rose to Rs. Mustard was priced at Rs 120 and refined at Rs 150.

Meanwhile, at Mundra-Hazira today, the prices of various deliveries ranged from Rs 1,150 to Rs 1,150 for palm oil, Rs 1,200 to Rs 1,610 for soyoil and Rs 15 to Rs 1,200 for sunflower. Soybean revenues were indicative of a decline in establishments amid adverse weather.

આવી Such income in Madhya Pradesh today was 3 lakh 4 thousand times and in Maharashtra it was 3 lakh times and All India income was 2 lakh 3 thousand times today. Prices in Madhya Pradesh ranged from Rs.500 to Rs.600.

Palm oil and soyoil prices rose in Chinese markets today. Prices for various deliveries at Navi Mumbai port ranged from Rs.

Prices of sunflower in Chennai ranged from Rs 1,200 to Rs 1,210. In the US, soyoil prices rose 114 points in overnight trade. Soybean and soymeal prices also rose overnight.

Meanwhile, Mumbai spot castor oil prices fell by Rs 5 today while spot castor prices remained soft at Rs 5 per kg. In the Mumbai flour market, the price of a ton of groundnut flour fell by Rs 1,000 and that of soymeal flour by Rs 2,000, while the price of castor flour was quoted as high as Rs 300 per tonne.

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