A general decline in crude oil, cottonseed oil and imported edible oils

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MUMBAI: The Mumbai oilseeds market saw a universal fall in the prices of various domestic and imported edible oils today. There was a new demand. News from manufacturing facilities and the global market showed softness.

In Saurashtra, the prices fell further to Rs.1,490 and 15 per kg of single oil to Rs.2,380 to 2,390 while the price of washed cotton fell to Rs.1,300 to 1,305.

In the world market, palm oil futures in Malaysia fell by another 165 points, while US soybean oil prices were 40 points lower than the projection today after the price of US soybean oil fell by 130 points overnight.

Meanwhile, the price of castor oil fell to Rs.1520 and that of cottonseed oil to Rs.1370 per 10 kg in the Mumbai spot market. The price of imported palm oil dropped to Rs.1005. There were no new trades.

Crude Palm Oil CPO Kandla prices fell by 20. In the Mumbai spot market today, the prices of soybean oil fell to Rs.1350 for digum and Rs.1380 for refined. The price of sunflower refined was reduced to Rs.1600. Mustard's Bhav Vadhya was calm at the head.

Spot prices of Mumbai diwali fell by Rs.4 today. While the current castor bean prices remained soft at Rs.20 per kg. Castor futures were soft by Rs.25 to Rs.30. The price of castor oil in the Mumbai oil market was Rs.12,750 per ton. The price of cotton boll was being quoted as high as Rs.500 per ton.

With increasing cases of Covid in China, the informants were showing the fear of affecting China's demand for edible oils in the world market. The income of new cotton at home increased to one lakh bales today on an all India basis.

A new crop of soybeans in China is estimated to be a record 19 million tons. China's soybean imports fell in October, breaking an eight-year monthly record. At home today, soybean income was 4 lakh times in Madhya Pradesh and 3 lakh 25 thousand times in Maharashtra.

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