World market booms as palm oil production declines: 400 tonnes trade at Mumbai
(Gujarat News Office) MUMBAI: Imported palm oil traded at around 400-500 tonnes in the Mumbai Oilseeds market today. Such trades were done at Rs. 115 to 115 per 10 kg. Palm oil futures in Malaysia were reported to have jumped 101 points. In the US, soyoil prices were 3 points higher in the projection this evening. Meanwhile, in the Mumbai spot market, cingulum oil was trading at Rs 150 today while cottonseed oil was up by Rs 150. On the Saurashtra side, cotton washed was raised to Rs 1,200. While the price of cingulum oil was Rs. In the Mumbai market, imported palm oil was priced at Rs 115 while crude palm oil CPO Kandla was priced at Rs 115. In the futures market, CPO prices were quiet this evening while soyoil prices were at Rs 5 plus. Soybean futures and castor futures were showing slower declines. In the Mumbai spot market, soyoil prices were at Rs 1,150 for digam and Rs 15 to Rs 150 for ref. The price of sunflower was Rs. 1150 and Rs. The price of mustard was Rs.150 and that of...