World market booms as palm oil production declines: 400 tonnes trade at Mumbai

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(Gujarat News Office) MUMBAI: Imported palm oil traded at around 400-500 tonnes in the Mumbai Oilseeds market today. Such trades were done at Rs. 115 to 115 per 10 kg. Palm oil futures in Malaysia were reported to have jumped 101 points. In the US, soyoil prices were 3 points higher in the projection this evening. Meanwhile, in the Mumbai spot market, cingulum oil was trading at Rs 150 today while cottonseed oil was up by Rs 150.

On the Saurashtra side, cotton washed was raised to Rs 1,200. While the price of cingulum oil was Rs. In the Mumbai market, imported palm oil was priced at Rs 115 while crude palm oil CPO Kandla was priced at Rs 115. In the futures market, CPO prices were quiet this evening while soyoil prices were at Rs 5 plus. Soybean futures and castor futures were showing slower declines.

In the Mumbai spot market, soyoil prices were at Rs 1,150 for digam and Rs 15 to Rs 150 for ref. The price of sunflower was Rs. 1150 and Rs. The price of mustard was Rs.150 and that of ref. Was Rs.150. The present prices of Mumbai castor and the present prices of castor were showing a slow decline.

In the Mumbai flour market, the price of a ton of sunflower flour rose by Rs 1,000 today while the price of soymeal flour fell by Rs 30,000 to Rs 40 today. Castor meal prices were softening to Rs 100 per tonne. Other sources make it clear that palm oil production in Malaysia fell by 3 to 4 per cent in November. At home, Mustard futures were raised from Rs 151 to Rs 150 today.

At Mundra-Hazira today, the prices of various deliveries ranged from Rs. Soybean revenue today was 3 lakh times in Madhya Pradesh, 3 lakh 50 thousand times in Maharashtra and 2 lakh 3 thousand times in All India. On the Madhya Pradesh side, prices ranged from Rs.500 to Rs.600.

According to ITS sources, palm oil exports from Malaysia declined by about 4-5 per cent in the first five days of December. There has been a 2 to 3 per cent decline in production during this period. Palm oil and soyoil prices rose in Chinese markets today. At the Navi Mumbai port, prices of sunflower for various deliveries ranged from Rs 1,310 to Rs 120 and for soyoil digam to Rs 1,150.


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