Market and Business News

(Gujarat News Office) MUMBAI: New trades in the Mumbai oilseeds market were slow today. There were sporadic operations in hawala resell in imported palm oil. Prices of various domestic and edible oils remained soft today. The news of the manufacturing establishments was showing a retreat. In the US agricultural market, soybean oil prices were in the range of 5 to 20 points in the projection this evening, while soybean and soymeal prices were also lower in the projection. However, there were indications that palm oil futures in Malaysia today rose to 7, 8, 21 and 9 points plus. Palm product eyebrows were raised there from ૫ 2.50 to ૫ 16.00. In the Mumbai spot market, 10 kg of palm oil was trading at Rs 1,505 today. At the bottom, the price was Rs. Crude palm oil CPO Kandla was down by Rs 1,150. In the futures market, CPO futures were trading at Rs 1,109.50 and Rs 1,117.50, while soyoil futures were trading at Rs 1,905.50, down from Rs 1,405. The soybean market was 1.5 per cent softe...

(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils witnessed a general decline in the Mumbai oilseeds market today. New demand was sluggish, with news from manufacturers and world markets softening. Meanwhile, amid indications of fresh arrival of cotton in northern India, the prices of cotton-washed and caraway oil were seen retreating today. In the global market, palm oil futures fell in Malaysia today to close at 8, 9, 21 and 9 points minus. While there, the price of palm products fell by થી 10 to આજે 15 today. Total palm oil exports from Malaysia were reported to have declined by about 15 to 18 per cent in August. In the US agricultural market, soyoil prices were softer by 21 to 5 points in today's projection. In the Mumbai spot market today, the price of 10 kg of imported palm oil fell by Rs 150. While crude palm oil CPO Kandla was quoted at Rs 115. CPO futures fell to Rs 119.50 this evening. While soyoil futures were trading at Rs 15. Castor...