Winds of decline in imported edible oils: Fear of government action

-


(Gujarat News Office) MUMBAI: Prices of various imported edible oils moved lower in the Mumbai Oilseeds market today. The new demand was wing. World market news was showing a retreat. The market was watching the events in Russia-Ukraine. Soyoil prices fell by 120 points in overnight trade in US agricultural markets. As a result, palm oil prices in Malaysia are now expected to open lower on Monday, experts said.

In the Mumbai spot market today, the price of 10 kg of imported palm oil fell by Rs 150 while crude palm oil CPO Kandla fell by Rs 1,200. Soyoil prices fell to Rs 150 for digam and Rs 15 to Rs 150 for refined. The price of refined sunflower was quoted at Rs.

However there were new deals wings in the sunflower amidst the present Mali shortage. Meanwhile, prices of mustard and domestic refined oil declined by Rs 150 and Rs 150, respectively. Peanut oil was priced at Rs 120 and cottonseed oil at Rs 120. On the Saurashtra side, the price of cingulum oil was Rs 15 to Rs 1,200 and for 15 kg it was Rs 60 to Rs 70 per kg, while there was news of cotton washed at Rs 15 to Rs 1,200.

Prices of castor castor and castor were present in Mumbai today. Meanwhile, prices of groundnut flour, sunflower flour, soymeal flour and soymeal flour remained soft at Rs 500 per tonne, Rs 500 and Rs 500 per tonne, respectively, while castor flour prices were quoted at Rs 200 higher. However, others were hitting the ground running.

Meanwhile, the Indian government is concerned about the recent record short-term rise in edible oil prices following the Russia-Ukraine war. This question was reported by a meeting of representatives of top edible oil traders, importers and manufacturers, refineries with the Union Minister of Commerce and Food in Delhi. Earlier in the day, the government had reduced import duty and imposed stock limits, but with market prices soaring, there were indications that the meeting would discuss what measures to take now.

About 60 per cent of India's total sunflower oil imports come from Russia and Ukraine, and such imports have been disrupted recently. The meeting also discussed whether to reduce import duty further, sources said.

At Mundra-Hazira there were indications that the prices of various deliveries were between Rs.150 to Rs.150 for palm oil and Rs.150 to Rs.150 for soyoil. Mustard's revenue today was 3 lakh 3 thousand times in Rajasthan and 9 lakh times in All India. In Rajasthan, the price of mustard fell to Rs. Rooney's income was All India 3 thousand bales.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more