Domestic-imported edible oil in the grip of recession: Palm oil Rs. within 900

Mumbai: New demand was seen in the oilseed market of Mumbai today. The prices of various domestic and imported edible oils continued to decline. The news of Saurashtra and the world market showed softness. The price of imported palm oil in the spot market of Mumbai today is Rs.70. 900 were going in. In the ...
 

Mumbai: New demand was seen in the oilseed market of Mumbai today. The prices of various domestic and imported edible oils continued to decline. The news of Saurashtra and the world market showed softness. The price of imported palm oil in the spot market of Mumbai today is Rs.70. 900 were going in. In the world market, palm oil wire in Malaysia today fell by 125 to 130 points, while the price of American soyabean oil fell by 106 points overnight and today the price remained in the projection of minus 30 to 31 points.

At home, washed cotton prices in Saurashtra further fell to Rs. 1050 to 1055 while the price of Saurashtra Single Oil is Rs. 1550 to 1600 and 15 kg Rs. 2550 left. Meanwhile, the price of imported palm oil has come down to Rs 908 per 10 kg in the spot market in Mumbai. 895 were spoken. New trades were slow. The price of crude palm oil in CPO Kandla is Rs. 820 left. The price of Singoil has fallen by Rs 10 in the Mumbai market. 1600 and cottonseed oil further fell to Rs. 1110 were spoken.

Mumbai Soya oil price fell to Rs. 1090 and the refined Rs. 1170 left. While sunflower prices fell to Rs. 1070 and refined Rs. 1190 were spoken. Mustard prices reduced to Rs. 1260 and the refined Rs. 1290 left. The spot price of Mumbai Diwali today is Rs. 5, while the spot price of castor seed in Mumbai was Rs. 25 were soft. Castor futures today Rs. 50 to 55 was soft. Price per tonne in Mumbai’s shell market, though castor shell Rs. 500 while the price of soyabean per ton was Rs. 350 remained soft. However, other laps were quieter.

In the 25 days of this month, a decrease of 33 to 34 percent was recorded in the total export of palm oil from Malaysia. Today, the income of soyabean was 1 lakh 50 thousand times in Madhya Pradesh and 1 lakh 75 thousand times in Maharashtra. All India income was 3 lakh 95 thousand times. Today, the income of rupees in the whole country has come down to about 1.5 lakh bales. Mustard revenue was 35 thousand times in Rajasthan and 1.5 lakh bales all over India. The price in Radasthan is Rs. 6125 to 6150 left. In the US agricultural markets, soybean prices declined by 175 points and soybean by 210 points in overnight trade.

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