Singoil and cotton oil break recession behind Saurashtra

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Mumbai: The prices of singapore oil and cottonseed oil stopped falling in the Mumbai oilseeds market today. Saurashtra market news was showing a rebound improvement from lower prices. Meanwhile, prices of imported edible oils rose again at home today as the world market picked up. The demand also came out.

In Saurashtra, single oil prices increased to Rs.1500 and 15 kg to Rs.2400, while Saurashtra cotton prices increased to Rs.1325 to 1330. Palm oil futures in Malaysia rose 112 points today.

After the overnight increase of 55 points in the price of soybean oil in America, today the price was being talked about 98 to 99 points higher in the projection. Meanwhile, in the Mumbai spot market, the price of 10 kg of single oil was Rs.1510 to Rs.1530. While the price of cotton oil was Rs.1360. Meanwhile, the price of imported palm oil stood at Rs 995 against Rs 980.

100 to 150 tonnes traded at Rs 990 to 995 in hawala resale of imported palm oil today. While the direct delivery trades of various refineries were around 700 to 800 tonnes at Rs.1010 for November and December 1 to 15. Crude palm oil CPO kandla prices were Rs.900 to Rs.905.

Meanwhile, the price of soybean oil rose to Rs.1360 for Digum and Rs.1385 to Rs.1390 ​​for refined in the Mumbai market. However, the price of refined sunflower was Rs.1580 which was Rs.1570. The price of mustard was Rs.1450 and refined was Rs.1480.

Edible oil traders in Mumbai Maharashtra have been troubled by raids and harassment by the Food and Safety Department. The market is now watching the action to be taken in the meeting of the traders' association to be held in Mumbai today on Saturday.

Soybean income today was 3 lakh 25 thousand times in Madhya Pradesh and 2 lakh 80 thousand times in Maharashtra. In Madhya Pradesh the prices were Rs.5400 to Rs.5600. Mustard income today was 1 lakh 25 thousand times in Rajasthan and 3 lakh 55 thousand times in all India.

Prices in Rajasthan were Rs.6975 to Rs.7000. The prices of palm oil and soybean oil were raised in Chinese markets today. Meanwhile, domestically today, bullish winds blew in castor futures, with prices rising from 90 to 95 to touch the level of Rs.7400 per kw.

In rabi cultivation in the country, mustard and raida cultivation has increased by 14 to 215 percent this year. Soybean prices fell by 290 to 295 points in overnight trade in American agricultural markets. Soybean prices also fell by 130 to 140 points.


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