Imported palm oil fell below Rs 1,200
(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils were on an overall decline in the Mumbai oilseeds market today. However world market news was encouraging. In the Mumbai Jajar market today, the price of 10 kg of imported palm oil fell below Rs 1,200 to Rs 115. The hawala-resale and refinery direct delivery trades were scattered. Crude palm oil CPO Kandla was down by Rs 115. Fluctuations in the futures market were narrow. CPO futures were trading at Rs 1,115 while soyoil futures were trading at Rs 19.50. In the Mumbai spot market, soyoil prices were quoted at Rs 15 for digam and Rs 1,315 to 1,315 for refined. In the US agricultural market, however, soybean oil was trading 20-21 points higher this evening. In Malaysia, palm oil futures also rose to close at 8, 9, 21 and 12 points. There, the price of the palm project increased from ૫ 8 to ૫ 13.50. Soybean futures saw a slow decline today while mustard futures saw a slow improvement. Meanwhile, in the ...