Suspense Crime Sach Ka Dam
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Mumbai : The trend of softening in the prices of various domestic and imported edible oils continued in the oilseeds market of Mumbai today. New demand was slow. New businesses were scattered. World market news was showing further decline in prices. The weather remained mild in the markets of Saurashtra as well. After South India in Singdana, now the market is eyeing new arrivals from Gujarat and Rajasthan.
In the world market today, palm oil futures in Malaysia declined by 30 to 35 points in near delivery and 50 to 55 points in distance delivery. At the same time, the prices of palm products increased from 5 to 7.50 dollars today. Meanwhile, washed cotton in Saurashtra was trading at Rs.840 against Rs.850. The price of Saurashtra single oil was Rs 1600 to 1625 and the price of 15 kg was Rs 2550 to 2580.
Today, the price of 10 kg single oil was running from Rs 1625 to Rs 1660 in the spot market of Mumbai. The price of cottonseed oil remained Rs.935 to Rs.930. Market players were taken by surprise today as the price of palm oil imported from Mumbai fell from Rs 893 to Rs 885 from Rs 893 today. New demand was slow. In the falling palm oil market, the exchanges have adopted a wait-and-see policy. Experts were also showing the possibility of increasing demand when the market stabilized. Meanwhile, crude palm oil, CPO Kandla, traded at Rs.850 against Rs.855. In Mumbai, soybean oil prices fell by Rs.860 in Degum and Rs.910 to Rs.915 in Refined. The price of Mumbai sunflower was Rs 855 and that of refined was Rs 945. The price of mustard was Rs 1000 and the price of refined was Rs 1030. Mumbai Diwali spot prices were showing a slow decline today. The current price of castor seed was also Rs.5875 as against Rs.5875 per kg. The slow decline in castor prices continued in the futures market today. Today’s rate in Castor futures market is Kiev. Sources in the futures market said that it fell further by Rs 65 to close at Rs 70 and was trading at Rs 5785 around Rs 5780, falling within Rs 5800 levels. Castor shell prices declined by Rs 100 per tonne in Mumbai’s shell market today. While the prices of Singkhol remained soft at the level of Rs 500 per tonne.
