Edible oil prices stopped falling and then rose

Mumbai: The Mumbai oilseeds market witnessed a slow recovery today due to fall in the prices of various edible oils. The news from the world market was encouraging. The news of Saurashtra market was also showing stability on the declining trend. Palm oil contracts in Malaysia rose 79 points today, while US soy oil prices […]
 


Edible oil prices stopped falling and then rose

Mumbai: The Mumbai oilseeds market witnessed a slow recovery today due to fall in the prices of various edible oils. The news from the world market was encouraging. The news of Saurashtra market was also showing stability on the declining trend. Palm oil contracts in Malaysia rose 79 points today, while US soy oil prices rose 96 points overnight, and were 108 points higher than today’s forecast.

In the spot market of Mumbai, the price of 10 kg of imported palm oil was Rs 1215 today. In palm oil today, a total of 400 tonnes of various deliveries were traded between Rs 1210 and Rs 1217. Crude Palm Oil CPO Kandla price rose to Rs 1,145.

The price of single oil in Saurashtra was Rs 1600 and Rs 2540 for 15 kg and cotton wash was Rs 1390 to Rs 1400. In the Mumbai spot market today, the price of soybean oil was Rs 1180 for Digam and Rs 1600 for Refined. The price of mustard was Rs 1380 and that of refined was Rs 1410.

There was marginal improvement in prices in Mumbai Wall Spot, Castor Spot and Castor Futures market today. Castor oil prices rose by Rs 100 and soybean oil by Rs 250 to Rs 300 per tonne in Mumbai’s shell market today. While the rest of the region was calm, soyabean income today increased by 85 thousand times in Madhya Pradesh and 80 thousand times in Maharashtra and 1 lakh 80 thousand times in pan India, prices in Madhya Pradesh increased from Rs 5950 to Rs 6100. ,

Meanwhile, the income of mustard was 85 thousand times in Rajasthan today and 1 lakh 85 thousand times in the whole of India. Prices in Rajasthan ranged from Rs 6825 to Rs 6850. Meanwhile, news came that the government has reduced the dollar customs duty exchange rate for importers from Rs 80.95 to Rs 80.25. Traders said this has led to reduction in effective import duty on various edible oils imported into the country.