Stormy boom in cingulum oil stops: Decline in edible oils in the world market
(Gujarat News Office) MUMBAI: Peanut oil prices in the Mumbai oilseeds market today remained on the back of a bearish decline behind Saurashtra while cottonseed oil prices rose. There were reports of falling edible oil prices in the world market and this led to a fall in the prices of imported edible oils in the Mumbai market today. In the Mumbai spot market, the price of 10 kg of cingulum oil was Rs 1,300 to Rs 1,205 per 10 kg, while the price of cottonseed oil was Rs 15. On the Saurashtra side, the price of cingulum oil fell to Rs 15 and Rs 15 per kg today, while the prices of cotton washed were quoted at Rs 1,200. In the world market, palm oil futures in Malaysia fell by 108 points today, while soybean oil prices in the US agricultural markets this evening were projected to be in the range of 15 to 18 points. There was a new demand in the Mumbai market today. Khan was spotted inside the market amid fears of stock limits. In the first ten days of October, palm oil exports from Ma...