look news india
Mumbai: Prices of imported edible oils rose in the Mumbai oilseeds market today. The price of imported palm oil rose to Rs 900 per 10 kg. World market news was encouraging. Malaysia palm oil futures were up 93 pips while US soybean oil prices were 41 pips higher today as expected.
The price of imported palm oil in the Mumbai spot market increased from Rs 900 to Rs 892 to Rs 902. Hawala-resale and direct delivery business was between 350 and 400 tonnes. The price of crude palm oil CPO Kandla was Rs 880.
Meanwhile, singoil prices remained soft in Saurashtra. Saurashtra single oil price fell from 1450 to 1460 and to Rs 2325 for 15 kg, while Saurashtra cotton wash price fell to Rs 925. In the current Mumbai market, 10 kg castor oil price was Rs 1510 and cottonseed oil price was Rs 995. Mumbai soybean oil prices rose to Rs 915 degum and refined to Rs 950.
The price of sunflower increased to Rs 890 and refined to Rs 950. The price of mustard oil increased to Rs 1170 and refined to Rs 1200. Mumbai prices increased by Rs 2 more on Diwali. While the spot price of castor increased by Rs 10 per kg, the future price of castor increased by Rs 25 and crossed Rs 5700 and reached Rs 5710.
Castor oil prices rose by Rs 100 per tonne in the Mumbai shell market. While sunflower seeds prices were Rs 500. However, other laps were calm. The price of palm products in Malaysia increased by 5 to 10 dollars today. Palm oil and soybean oil prices also rose in Chinese markets today. Sunflower prices at Navi Mumbai port ranged from Rs 920 to Rs 925 for different deliveries.
Soybean income increased by 1 lakh 15 thousand in Madhya Pradesh and 1 lakh 15 thousand in Maharashtra. The price in Madhya Pradesh was 4500 to 4700 rupees. Mustard-mustard income in Rajasthan was 4 lakh 35 thousand and all India income was 7 lakh 25 thousand times. There are indications of the price in Rajasthan increasing rapidly from 225 rupees per kg to 6325 to 6350 rupees.