Boom in various domestic and imported edible oils

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(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was slow today. Imported palm oil traded at Rs 120-13 per 10 kg for barely 30 to 40 tonnes. Meanwhile, rising tensions between Russia and Ukraine have pushed up the price of sunflower, market sources said. Sunflower production is special in Russia and Ukraine. In the Mumbai market today, the price of sunflower oil was quoted at Rs 150 and refined at Rs 1,315.

In the US, soyoil prices rose 150 to 181 points overnight. At present, soyoil prices in the Mumbai market have jumped from Rs 150 to Rs 12 for digam and Rs 1,310 to Rs 1,315 for refined. Palm oil prices were hovering between Rs 150 and Rs 15. Imports are reversing. The price was expected to increase from Rs 150 to Rs 15. Crude palm oil CPO Kandla was up by Rs 15.

Meanwhile, groundnut oil was trading at Rs 150 and cottonseed oil at Rs 150 in the Mumbai market. On the Saurashtra side, there were indications that the price of cingulum oil would be Rs.

Today, the spot price of Mumbai castor has gone up by Rs 15 per 10 kg, while the castor price has gone up by Rs 15 to Rs 12 per kg, while the present castor price of Mumbai castor has gone up by Rs 3 to Rs 5 per kg. In the Mumbai flour market, the prices of castor flour rose by Rs 100 per tonne and soymeal flour by Rs 200 per tonne, while that of sunflower flour remained soft at Rs 200 per tonne.

Meanwhile, soybean revenue in Madhya Pradesh today was 30,000 times and All India was 6,000 times. Prices in Madhya Pradesh ranged from Rs.500 to Rs.600. The country's overall edible oil prices were expected to remain high till May.

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