Retreat in domestic and imported edible oils: Cotton washed down within Rs 1300
(Gujarat News Office) MUMBAI: New demand in the Mumbai oilseeds market was sluggish today. Prices of various domestic and imported edible oils saw a rebound. Producer establishments were soft. World market news was also showing a retreat. There were indications from overseas that the price of crude oil in the world market was declining. In Malaysia, palm oil futures were down 3 points today, while in the US, soybean oil prices were reported to be in the range of 5-6 points this evening. Meanwhile, on the Saurashtra side, there were indications that the price of cotton washed down today from Rs 1,200 to Rs 15 to Rs 150. Cingulum oil prices fell by Rs 15 to Rs 1,200 per kg and Rs 200 to Rs 210 per 15 kg. In the Mumbai spot market, 10 kg of cottonseed oil fell by Rs 15 to Rs 150 today while groundnut oil fell by Rs 150 again. In the Mumbai market, imported palm oil was down by Rs 1,200 today while crude palm oil CPO Kandla was down by Rs 113. The futures market fell by Rs 8 to 10. In ...