Universal return of various indigenous and imported edible oils
Mumbai : The prices of various domestic and imported edible oils continued to fall in the Mumbai oilseeds market today. New demand was slow. News from manufacturing facilities and world markets showed a return. This was having an impact on the global edible oil prices, which fell after the rise in crude oil.
Palm oil futures in Malaysia fell 46 points today. After softening 12 points overnight, US soya oil prices fell by another 60 points on today’s estimates.
Domestically, single oil price in Saurashtra fell to Rs 1,600 and Rs 2540 for 15 kg. At the same time, the price of washed cotton came down from Rs 1390 to Rs 1400.
In the spot market of Mumbai, the price of cottonseed oil fell to Rs 1,470 per 10 kg. Singoil prices were calm at Rs 1,630. The price of imported palm oil fell to Rs 1215. 100 to 150 tonnes was traded for Rs 1210 to 1215.
The price of Crude Palm Oil CPO Kandla fell to Rs 1140. In the Mumbai spot market, today the price of soybean oil came down to Rs 1175 for Digam and Rs 1410 for Refined. The spot price of Mumbai Wall rose by Rs.6 and that of castor by Rs.30 per kg today.
Meanwhile, castor prices rose by Rs 500 to Rs 12,000 per tonne in Mumbai’s shell market, while other shells remained calm. Various delivery prices at Mundra-Hajira were indicated to be Rs 1200 to 1210 for imported palm oil, Rs 1205 to 1215 for soya oil and Rs 1590 to Rs 1600 for sunflower.
Today the income of soybean has increased by 1 lakh times in Madhya Pradesh and 2 lakh times in all India. The revenue of mustard was about 85 thousand times in Rajasthan and 1 lakh 95 thousand times in the whole of India. Soybean, soybean meal and soybean oil prices declined in the US in overnight trade.