Soybean futures fell 3 percent as new arrivals began
(Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils declined in the Mumbai oilseeds market today. Fears that a stock cap would now be imposed after the government recently reduced the import duty were met with unrest among traders. In the global market, however, palm oil futures in Malaysia rose to close at 8, 12, 20 and 10 points. While there the prices of palm products remained soft from two and a half to ten dollars. In the US agricultural market, soyoil prices were in the projection of 5 to 20 points plus in the projection this evening. At home, soybean futures were trading at around Rs 20 per kg in September. While October prices were down to Rs 305. With the new season set to begin in October, October futures prices are significantly lower than in September, market sources said. Similarly, soyoil's September futures fell by Rs 10.50 to Rs 19 today, while October futures fell by around Rs 1,505 to Rs 1,405. Meanwhile, in the Mumbai spot market...