Edible oil prices fall further Saurashtra pulls back in cottonseed oil

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Soybean oil prices fell further in the world market

However, market likely to stabilize on lower headlines in Singoil: Castor futures fall further: Palm oil production rises in Malaysia

Mumbai: Prices of various domestic and imported edible oils continued to decline in the Mumbai oilseeds market today. The new business was Dima. Bairo was waiting for the market to stabilize. Saurashtra markets were also sluggish. However, the weather in the world market was mixed. Meanwhile, palm oil futures in Malaysia today were 24 points softer for the nearest delivery, while the prices for later delivery were in the range of 15 to 28 points plus.

There, palm product prices were reduced by two and a half dollars. Meanwhile, soybean oil prices in the US agricultural markets were further 15 points minus the projection today after falling 101 points overnight. At home in Saurashtra, the price of washed cotton was reduced to Rs.825. Saurashtra single oil prices, however, continued to fall. Markets were eyeing the arrivals of the new summer crop of rhinoceros. The price of Saurashtra single oil was Rs.1600 to Rs.1625 and the price of 15 kg was Rs.2550.

Meanwhile, the price of single oil per 10 kg in the Mumbai spot market today was Rs.1625. While the price of cottonseed oil fell further behind Saurashtra to Rs.925. The price of Mumbai imported palm oil fell to a low of Rs.866 and lastly the price of direct delivery was Rs.870. 150 to 200 tonnes of palm oil was traded. Crude palm oil CPO kandla prices were trading at Rs.845 against Rs.850. Meanwhile, Mumbai soybean oil prices fell to Rs.850 for digum and Rs.900 for refined. The prices of sunflower further decreased to Rs.850 and refined to Rs.930, while the prices of mustard decreased to Rs.990 and refined to Rs.1020. The spot price of Mumbai diwali stopped falling today and increased by Rs. 4 per 10 kg. While the current castor bean prices were raised by Rs.20 per quintal. However, the futures market sources said that the prices were being talked about Rs.10 to 15 lower as the recession continued in the castor futures market.

Meanwhile, in the Mumbai khol market today, the price of cottonseed oil fell below Rs 1,000 per tonne while the price of sunflower seed oil remained soft by Rs 500 per tonne. Soybean prices were talking about Rs.200 to 250 per tonne. While other laps were quiet.

Soybean income was recorded as 60 thousand times in Madhya Pradesh and 55 thousand times in Maharashtra. All India income of soybeans was 1 lakh 35 thousand times today. Soybean prices were Rs.4900 to 5100 in Madhya Pradesh and Rs.4850 to 5050 in Maharashtra. The total production of palm oil in Malaysia increased by about 9 percent in the first 20 days of May, world market informants said.

Meanwhile, soybean prices fell by 185 to 190 points in overnight trade in US agricultural markets, while soybean meal prices fell by 55 to 60 points. There were indications of further decline in the projection today after soybean oil prices also fell overnight.

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