On Navratri, edible oils are also booming
- The impact of the global boom, the boom in establishments and the move in the dollar (Gujarat News Office) MUMBAI: Prices of various domestic and imported edible oils rose in the Mumbai Oilseeds market today before Navratri. Demand also increased. About 500 to 600 tonnes of imported palm oil was traded in various deliveries today. World market and manufacturing news were also showing signs of recovery. The futures market also saw a rebound. In the Mumbai spot market, the price of 10 kg of cingulum oil fell sharply to Rs 15. While the price of cottonseed oil was Rs. Imported palm oil was quoted at Rs 120, while crude palm oil CPO Kandla was quoted at Rs 1,150. In the futures market, CPO prices rose by Rs 2.50 to Rs 115.50 while soyoil futures rose by Rs 12.50 to Rs 19. Soybean futures rose by Rs 500 in Kiev today while mustard seed futures rose by Rs 4. In the global market, palm oil futures in Malaysia jumped 17 points. In the US, soyoil prices were projected at 41 to 5 points h...