Single oil boom at new festivals
(Gujarat News Office) MUMBAI: Cingulum oil prices surged behind Saurashtra in the Mumbai oilseeds market today. In the run-up to the Navratri festival and the upcoming Dussehra day, demand for cingulum oil was on the rise and new sales were slowing down, market insiders said. Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil was quoted at Rs 150 from Rs 1,200. On the Saurashtra side, prices were reported to have jumped from Rs 150 to Rs 1,200 and Rs 15 to Rs 20 per 15 kg. The price of cottonseed tin rose by Rs 30 to Rs 200. Prices of cotton washed rose to Rs. Cottonseed oil was trading at Rs 150 in the Mumbai market today. Meanwhile, soyoil prices in the US agricultural markets remained soft by 8 points overnight. While soybean prices fell by 3 points. There were indications that soymeal prices were also in the negative of 150 points. Market analysts were predicting a lower price of palm oil in Malaysia on Monday as prices in the US fell and new demand i