As the dollar rose, the prices of castor oil and diwal rose on account of increased exports

-


MUMBAI: Prices of various edible oils continued to fall slowly in the Mumbai oilseeds market today. The price of imported palm oil further decreased from Rs.905 to Rs.910 per 10 kg. There was a new demand. Crude palm oil CPO kandla prices fell from Rs.805 to Rs.810. Malaysia palm oil market was closed today.

While the price of American soy oil fell from 275 to 280 points overnight. Meanwhile, prices of divel and castor rose in the Mumbai spot market today.

As the rupee tumbled and the dollar rose, the market prices were held firm in the hope of increasing the export of diwali. Today, the prices of divel rose by Rs.5 per 10 kg and castor bean prices rose by Rs.25 per kg. Meanwhile, Mumbai Singoil prices fell to Rs.1650. On the Saurashtra side, cotton washed fell from 1210 to 1220.

Meanwhile, some market analysts have indicated that total import of edible oils in the country is likely to decline in the oil year 2022-23. It has been shown that such import is likely to decrease from 13 lakh 84 thousand tons to 13 lakh 65 thousand tons. The import of edible oils in India is likely to be significantly higher than expected in August, September and October this year.

And due to this, the estimated stock of imported edible oils in the country at the end of October will remain high. Due to this, forecasts have shown the possibility of a decrease in imports in the country in the oil year of 2022-23.

At home in India, the domestic production of soybeans, paddy and palm is also expected to rise in the new oil year. Returning rains will encourage mustard planting in rabi crop. Meanwhile, the informants were showing the possibility that Indonesia will not impose any restrictions on the export of palm oil and the relaxation in export duty will be continued even after October.

Meanwhile, the price of soybean oil in Mumbai market today was Rs.1110 for digum and Rs.1150 to 1155 for refined. The price of sunflower decreased to Rs.1250 and that of refined was Rs.1330. The price of mustard was reduced to Rs.1290 and that of refined was Rs.1320.

Soybean meal prices were Rs. 400 to 500 per tonne in the Mumbai market today. However, other laps were quiet. Meanwhile, overnight trade in the US agricultural markets indicated significant gains in soybean, soybean oil and soybean meal prices.

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