Soybean oil fell against rising soybean prices in the world market

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Mumbai: Prices of various edible oils were calm in the Mumbai oilseeds market today. New demand was slow. Saurashtra news showed narrow fluctuations. In the overnight trade in American agricultural markets, soybean oil prices fell by 45 to 50 points while soybean prices rose by 60 to 65 points. On the other hand, the price of soyabean remained in the range of 75 to 80 points plus.

In the Mumbai market, 10 kg of Bhava single oil was being quoted at Rs.1570 and cottonseed oil at Rs.1230. The price of imported palm oil was Rs.935. The price of refined sunflower was Rs.1320 while the price of mustard was Rs.1370 and refined was Rs.1400. Soyatel refined price was Rs.1235.

Meanwhile, Mumbai Hakar Diwal prices fell by another Rs.10 today. While the price of castor beans fell further by Rs.50 per quintal. In the Mumbai khol market today, the price of single ton increased by Rs.1000, sunflower oil by Rs.500 and soybean oil by Rs.800. While the price of castor kernels was Rs.200 per ton and that of cotton kernels was Rs.500 per ton. Various delivery prices at Hazira ranged from Rs.1230 to Rs.1235 of soytel refined.

Soybean income today was 1 lakh 75 thousand times in Madhya Pradesh and 1 lakh 25 thousand times in Maharashtra. All India income was 3 lakh 80 thousand times. Various delivery prices at Mundra-Hazira ranged from Rs.930 to Rs.945 for imported palm oil and Rs.990 for super malo while refined sunflowers ranged from Rs.1370 to 1385.

Saurashtra Singoil prices were Rs.1525 to Rs.1550. Today, the income of mustard was 85 thousand times in Rajasthan and 2.5 lakh times in all India. Prices in Rajasthan were Rs.6625 to Rs.6650.

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