Palm oil and soyoil prices retreat in the world market
(Gujarat News Office) MUMBAI: Cingulum oil prices remained steady in the Mumbai oilseeds market today as cottonseed oil prices continued to decline behind the scenes. Prices of various imported edible oils remained sluggish overall in the spot market. Meanwhile, palm oil futures in Malaysia fell to close at 20, 30, 4 and 5 points in the global market today, while palm product prices fluctuated between two and a half to five dollars. Soyoil prices in the US agricultural markets were quoted in the projection of 5 to 20 points in the projection this evening. In the Mumbai spot market, the price of 10 kg of cingulum oil was Rs. While cottonseed oil prices fell further to Rs. Producers had further reduced the price of washed cotton to Rs 150, while the price of cingulum oil was reported to be Rs 15 and Rs 15-50 per 15 kg. In the Mumbai market, mustard oil was quoted at Rs 150 and refined at Rs 150. In the futures market, mustard seed and soybean futures were quoted about one per cent hig...