The fall in the price of cingulum oil stopped

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(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was slowing down today. Market trends were mixed. Peanut oil and cottonseed oil prices stopped falling. While the decline in various imported edible oils continued. World market news was showing softness. Soybean oil prices in the US overnight trade were down 115 to 150 points.

With soyoil falling in the US, analysts were predicting lower prices for palm oil in Malaysia on Monday morning. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was Rs 1,610 and cottonseed oil was Rs 150.

On the Saurashtra side, the price of cingulum oil has gone up from Rs 2,000 to Rs 6,050 today to Rs 4,050 to Rs 1,050 (15 kg) while the price of 10 kg loose has gone up from Rs 150 to Rs 150 to Rs 12. There, the price of cotton washed was quoted at Rs.

Meanwhile, in the Mumbai spot market, imported palm oil fell by Rs 115 to Rs 115 today, while crude palm oil CPO Kandla was trading at Rs 1,105. The last price in the futures market was CPO at Rs 1,109.50 and soyoil futures at Rs 115.50, sources in the futures market said.

Meanwhile, in the Mumbai spot market today, soyoil prices were quoted at Rs 1,130 for digam and Rs 1,310 for refined. Sunflower prices fell to Rs 1,150 and refined to Rs 150. Mustard prices fell by Rs 150 and refined by Rs 1,210. Mumbai spot castor and spot castor prices were falling today.

Meanwhile, in the Mumbai flour market today, the price of a ton of soymeal was quoted at Rs 50-9, while the price of castor flour remained soft at Rs 100 per tonne. The others, however, were quiet.

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