Market and Business News

(Gujarat News Office) MUMBAI: Singtel and cottonseed oil traded higher in the Mumbai oilseeds market today. Cingulum oil prices remained soft. While cottonseed oil prices rose behind the stations. Meanwhile, amid rising crude prices in the global market today, the prices of imported edible oils were also present at home and in the futures market. Meanwhile, palm oil futures in Malaysia rose 3 points in the global market today, while soyoil prices in the US this evening were projected to be in the range of 5-6 points plus. Meanwhile, in imported palm oil today, hawala-resell was traded at Rs 115 to Rs 1,205 per 10 kg and refineries in direct delivery at around Rs 1,507 to Rs 1,610 per tonne. Crude palm oil CPO Kandla was up by Rs 1,150 today, while CPO futures were up by Rs 1,109.50 and soyoil futures were up by Rs 19.50 this evening. Soybean futures rose by Rs 15 to Rs 200. Mumbai In the spot market today, the price of 10 kg of cingulum oil fell by Rs 150 and cottonseed oil by Rs ...

(Gujarat News Office) MUMBAI: Cingulum oil prices rose sharply in the Mumbai oilseeds market today, while cottonseed oil prices continued to decline behind the scenes. In the futures market, meanwhile, soybean futures jumped another 3 per cent today, signaling a resumption of the bullish circuit. There is currently a shortage of soybean stock in the country and new arrivals in Maharashtra are expected to start around September 15-20. Even in the new arrivals, the futures market has been seen to be bullish again amid speculation that the goods will be damp in the beginning. Soybean futures bounced today to Rs. Mustard seed futures also rose by about 3 per cent. Soyoil futures were quoted at Rs 13.50 per 10 kg, up from Rs 15.15 this evening, while crude palm oil CPO futures were quoted at Rs 114.50, up Rs 15. Castor futures stopped declining. Today, Kiev jumped from Rs. The spot price of castor in Mumbai today rose by Rs 30 to Rs 5,100 while the price of castor castor rose by Rs 10 pe...