Mumbai: There was a gradual rise in the prices of oilseeds in Mumbai today. New demand slowing Imported palm oil was trading at Rs 150 per 10 kg at 150-200 tonnes. Manufacturing establishments were in the limelight. World market news was mixed. Palm oil futures were down 3 points in Malaysia, while soya oil prices in the US were forecast to be minus 15 to 20 points.
On the Saurashtra side, there was news that the price of Singulum oil was Rs. In the spot market of Mumbai, the price of 10 kg singulum oil was Rs 130 and cottonseed oil was priced at Rs 150. Imported palm oil was priced at Rs 120 and crude palm oil CPO Kandla was priced at Rs 15.
The price of soya oil rose to Rs 150 for digam and Rs 1,200 for refined. However, the price of sunflower declined to Rs 1,200 and refined to Rs 150. Mustard prices fell to Rs 150 and refined to Rs 1,200. In today’s castor futures market, the price declined further by Rs 100 per kg.
Meanwhile, sources in the Tamil Nadu Spinning Mills Association said cotton-wool revenue in the country has declined by about 3 to 4 per cent in the first six months of the current season. Sources said so far the revenue has been around 3 to 4 lakh bales as against 3 to 4 lakh bales in the same period last year. Meanwhile, in the wake of the crisis in Sri Lanka, there were indications that European and Australian snakes are being interrogated in Koparel, India.
Mumbai spot castor oil prices today declined by Rs 15 per 10 kg. Whereas the current castor price of Kyiv has declined by Rs. The price of one tonne of sunflower flour and soymeal flour increased by Rs. However, others were silent. There were reports of shortage of edible oil in Indonesia.