Domestic, imported edible oil prices fall

Mumbai : Widespread reduction in the prices of various domestic and imported edible oils continues today in the Mumbai oilseeds market. New demand fell. The news of the world market and manufacturing facilities was discouraging, with more sellers and fewer buyers in the Mumbai market today. Palm oil futures in Malaysia fell 215 to 220 […]
 


Domestic, imported edible oil prices fall
Mumbai : Widespread reduction in the prices of various domestic and imported edible oils continues today in the Mumbai oilseeds market. New demand fell. The news of the world market and manufacturing facilities was discouraging, with more sellers and fewer buyers in the Mumbai market today. Palm oil futures in Malaysia fell 215 to 220 points.
After falling 237 points overnight in US agricultural markets, prices were down minus 140 points in today’s estimate. The fall in crude oil is having an impact on global edible oils. Market prices were also under pressure as there were rumors that Indonesia would reduce export taxes. At the Saurashtra side door, single oil prices are Rs. 1600 to 1625 and 15 kg Rs. 2560 to 2570 while the price of washed cotton fell to Rs. It was from 1400 to 1410. Saurashtra Singoil remains in plus from low head today.
Meanwhile, in the spot market of Mumbai, the price of 10 kg single oil is Rs. 1630 left. When the price of cottonseed oil fell to Rs. 1490 was spoken. Imported palm oil prices fell to Rs. 1240 remained. About 100 tonnes were traded in ready delivery. Crude Palm Oil CPO Kandla prices fall by Rs. It was spoken from 1130 to 1135.
Soyabean oil price in Mumbai market fell to Rs. 1210 and refined Rs. 1270 while sunflower prices fell to Rs. 1490 and refined Rs. 1570 was spoken. Mustard prices come down to Rs. 1390 and refined Rs. 1420 remained. There was a report of five per cent reduction in cotton cultivation and about nine per cent in groundnut cultivation. Indications of 133 per cent increase in castor sowing, castor futures rise to Rs. 70 to 75 square meter Rs. 7200 within Rs. 7170 spoken.
Castor bean price in Mumbai today is Rs. 7235 with Rs. 7150 left. The current price of firewood is Rs 10. 17 rolled. Price per ton in Mumbai shell market, however castor shell is Rs. 400 while the price of soybean was Rs. 500 were lost. Today the income of mustard was 90 thousand times in Rajasthan and 2 lakh five thousand times in the whole of India.