In Singoil, prices rose again on the back of Saurashtra

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Mumbai: In the Mumbai oil-seed market today, the prices of single oil stopped falling and rose again behind Saurashtra, while the prices of cottonseed oil remained soft. Meanwhile, prices of imported edible oils were quoted higher in the world market. As the prices of crude oil in the world market rose from the top, the global consumption of oil also increased.

Malaysia palm oil futures were raised by 80 to 85 points today. After the price of American soybean oil increased by 155 points overnight, today the price remained in the projection of 35 to 40 points plus.

At home in Saurashtra today, the price of single oil stopped falling and increased again to Rs.1500 and 15 kg to Rs.2400 while the price of Saurashtra cotton washed decreased to Rs.1200 to 1205.

In the Mumbai spot market today, the price of single oil rose again from Rs.1500 to Rs.1525 per 10 kg, while the price of cottonseed oil decreased to Rs.1270. The price of imported palm oil was Rs.970 against Rs.960. In palm oil, 100 to 150 tonnes were traded in hawala-resale at Rs.965 to 970. Crude palm oil CPO kandla prices were Rs.875 to Rs.880.

The prices of Mumbai Soya Oil were Rs.1285 for Digum and Rs.1310 for Refined. The price of sunflower refined was Rs.1430 and the price of mustard was Rs.1430 and refined was Rs.1470. The spot price of Mumbai diwali rose by Rs.10 today while the price of spot castor rose by Rs.50 per kg. In the castor futures market today, the price remained at Rs.30 plus.

In the Mumbai khol market, the prices of cotton and sunflower seeds fell by Rs.400 to 500 per tonne, while other seeds remained calm. Meanwhile, new cotton receipts today all India came to 1 lakh 10 thousand bales. Soybean income today was 3 lakh times in Madhya Pradesh and 1 lakh 70 thousand times in Maharashtra.

The price in Madhya Pradesh was Rs.5250 to Rs.5450, the revenue of mustard was 1 lakh five thousand times in Rajasthan and 2 lakh 55 thousand times in All India. Prices in Rajasthan were Rs.6800 to Rs.6825. In the overnight trade in American agricultural markets, there was news that the prices of soybean and soybean oil were also increased rapidly.

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