Decline in peanut oil and cottonseed oil behind Saurashtra
(Gujarat News Office) MUMBAI: Peanut oil and cottonseed oil prices fell in the Mumbai Oilseeds market today. Producers were showing news of sales. Meanwhile, palm oil futures in Malaysia rose 3 points in world markets today. Soybean oil prices in the US agricultural markets were projected to be 4 to 5 points higher in the projection this evening. In the Mumbai spot market today, the price of 10 kg of cingulum oil fell by Rs 15 while that of cottonseed oil fell by Rs 150. On the other hand, on the Saurashtra side, there was news that the price of cotton washed was reduced to Rs. In the Mumbai market, imported palm oil was quiet at Rs 1,200 today, while crude palm oil CPO Kandla was down at Rs 1,150. Palm oil had a new lease of life. In the futures market, CPO futures fell by Rs 2.50 this evening while soyoil futures rose by Rs 2.00. Soybean futures rose by Rs. While castor futures fell by Rs. Mumbai spot castor prices fell by Rs 3 while spot castor oil prices fell by Rs 5 per 10 kg. ...