Lack of goods in Sunflower halted delays in supply from Ukraine and Russia

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(Gujarat News Office) MUMBAI: The Mumbai oilseeds market rallied today. Manufacturing establishments were booming. The global variety of edible oils rose as crude oil rebounded in the world market. However, new demand was on the rise in the Mumbai market, meanwhile, trade in sunflowers in the Mumbai market came to a standstill today and no price was raised, market sources said.

Sunflower is mainly grown in Ukraine and Russia, and supply from there is stagnant. As a result, prices in the Mumbai market have come to a halt. Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil was quoted at Rs 150 to Rs 1,200 and cottonseed oil at Rs 1,200. Palm oil rose by Rs 1,215 to Rs 120 while crude palm oil CPO Kandla was quoted at Rs 1,200.

In the Mumbai market, soyoil prices rose to Rs 15 for digam and Rs 150 for refined. On the Saurashtra side, there were indications that the price of cingulum oil was Rs. In the US today, soyoil prices rose 4 to 5 points in the projection. Castor futures rose by Rs 150 to Rs 5,000 today.

Meanwhile, Mumbai spot castor oil prices rose by Rs 5 per 10 kg today, while spot castor prices were quoted at Rs 5 per kg. In the Mumbai flour market today, the price of castor flour remained soft at Rs 200 per tonne while soymeal flour prices were quoted at Rs 3,000 to Rs 5,000 per tonne. The price of sunflower meal remained soft at Rs.1000 per tonne while other prices remained calm.

In the global market, palm oil futures rose by 9 points in Malaysia today, while palm product prices rose by થી 80 to ૧ 100 today. However, there were indications that palm oil production would increase by about 15 to 18 per cent in the first six days of February. At Mudra-Hazira, various deliveries ranged from Rs 150 to Rs 150 for palm oil, Rs 1,310 to Rs 12 for soyoil and Rs 150 to Rs 150 for sunflower. There were indications that soybean futures in the US were increasing margins.

At home today, Rooney's income was about 30,000 bales of All India. Soybean income was 1 lakh times in Madhya Pradesh today and All India income was 2 lakh 6 thousand times. Mustard's revenue today was 3 lakh 40 thousand times in Rajasthan and 9 lakh times in All India. Exports of palm oil from Malaysia increased by 3 to 4 per cent in February to about 1.61 million to 11,000 tonnes. Domestic cotton crop estimates have been reduced.

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