Singoil, cottonseed oil fall in Saurashtra
Mumbai : The prices of various domestic and imported edible oils registered a fall in the oilseeds market in Mumbai today. Behind Saurashtra, single oil and cottonseed oil saw a fall in prices.
While the prices of imported edible oils rose upwards with the rise in the world market. As the demand for imported palm oil also increased, 600 to 700 tonnes traded at Rs 920 to 930 per 10 kg. Palm oil futures in Malaysia rose by 150 points to 155 points today.
At home, however, in Saurashtra, single oil prices fell from Rs 1625 to Rs 1650 and 15 kg to Rs 2600, while Saurashtra cotton prices fell by Rs 1250 to Rs 1255.
In the Mumbai spot market, the price of single oil fell by Rs 1,670 and cottonseed oil by Rs 1,290, although the price of imported palm oil rose to Rs 930, while the price of crude palm oil CPO Kandla increased. From Rs 850 to Rs 855.
Soyabean oil price in Mumbai ranged from Rs 1130 to Rs 1135 for Digum and Rs 1170 for Refined. The cost of sunflower was Rs 1270 and that of refined was Rs 1340. The price of mustard was Rs 1300 and that of refined was Rs 1330.
Mumbai Spot Diwali prices today rose by Rs 7 while castor was trading at Rs 35 per quintal and castor futures were trading at Rs 30 per quintal. Experts were predicting a 9-10 per cent increase in palm oil imports in India in the current financial year.