Market and Business News

(Gujarat News Office) MUMBAI: Prices of various imported edible oils rose in the Mumbai oilseeds market today on the back of global markets. Palm oil prices rose to Rs 1,200 per 10 kg. Palm oil futures in Malaysia jumped 100 points, while soyoil prices in the US were projected to be 20 to 21 points higher in the projection this evening. Meanwhile, in the Mumbai spot market today, the price of 10 kg of palm oil jumped from Rs 115 to Rs 1,205. The new demand was wings though. Crude palm oil CPO Kandla was up by Rs 115, while CPO futures were up by Rs 2.50 to Rs 114.50 this evening, while soyoil futures were marginally higher at Rs 19.50. In the evening, soybean futures fell by Rs 5 to Rs 6,050 in Kiev while castor futures fell by Rs 4 to Rs 50. In Mumbai today, the price of castor has gone up by Rs 20 to Rs 70, while the price of castor has gone up by Rs 10 per 10 kg and was quoted at Rs 1,210 to Rs 150 per variety. In the Mumbai spot market today, the price of cingulum oil was hittin...

(Gujarat News Office) MUMBAI: The price of cingulum oil in the Mumbai oilseeds market fell further by Rs 15 per 10 kg to Rs 150 today. There was news that the price of cingulum oil fell to Rs 2,130 per kg and Rs 40-50 per 15 kg. However, there were indications that the prices of cotton washed were hovering above Rs. In the Mumbai market, cottonseed oil was trading at Rs 150. Meanwhile, palm oil prices stopped falling and rose again to over Rs 1,200 and stood at Rs 1,305. Due to rising demand for palm oil today, various refineries traded around Rs 500 tonnes for delivery in September and October from Rs 1,205 to Rs 1,610. Crude palm oil CPO Kandla was priced at Rs 115 to Rs 115. In the futures market, CPO prices rose by Rs 10 to Rs 115.50 this evening, while soyoil futures rose by Rs 19.50 to Rs 1,307.50. Soybean futures were quoted at Rs 15 to Rs 150 per kg. In the US agricultural markets, soybean prices rose 4 points in projection this evening while soybean prices rose in projecti...