Singoil prices fall behind Saurashtra: Imported edible oils also retreat

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MUMBAI: In the Mumbai oil-seeds market today, Singoil prices fell behind Saurashtra today. Cottonseed oil was also mild. Prices of imported edible oils fell further behind the world market. In the present market of Mumbai, the price of 10 kg of single oil was Rs.1780 to Rs.1750 while the price of cotton oil was Rs.880 to Rs.870 to Rs.885. In Saurashtra, the price of single oil fell from Rs.1675 to Rs.1750 while that of washed cotton fell from Rs.785 to Rs.790.

Mumbai imported palm oil prices stood at Rs.805 against Rs.810 while crude palm oil CPO Kandla prices stood at Rs.760 against Rs.765. However, the price of Mumbai sunflower was Rs.790 with Rs.780 while refined was Rs.870. The spot price of Mumbai diwali fell by Rs.10 today. While the current castor bean prices were soft at Rs.50 per kg.

At Mundra-Hazira till October 10, palm oil prices were Rs.810 to 820 and soybean oil was Rs.880 to 890. At Saurashtra Gondal, the price of cotton refined was Rs.840 and palm oil was Rs.795 and soybean oil refined was Rs.850. Soya oil refined prices in Madhya Pradesh were Rs.855 to Rs.870 per annum. The price of Kandla Soyatel Digum was Rs.810.

Meanwhile, in the castor futures market today, prices were Rs.14 lower. In the Mumbai khol market, the price of castor khol fell by Rs.75 per tonne.


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