Instructions for forwarding trade in palm oil at Rs.1020 for delivery from January 10 to 20
In the Mumbai oilseeds market, cingulum oil prices rose further today, while cottonseed oil prices continued to decline. Prices of imported edible oils remained strong. As per the instructions received from the Mumbai market, imported palm oil was forward traded at Rs 1,020 per 10 kg for delivery from January 10 to 20.
The spot price of palm oil also jumped to Rs 1,000 today. However, there was a new demand in the spot market today and palm oil traded at barely 50 tonnes in hawala resale. Meanwhile, soybean futures rose 186 points in overnight trade in US agricultural markets.
This situation finally down the price for peanut oil and cottonseed oil will down and very demand fully in the market finally after covid-19 and again the market was tack on his track. American industries were the demand for Indian seed and oil's Peanut oil, cottonseed oil.
There were reports of disruptions to ports in Argentina following a labor strike. Palm oil exports from Malaysia have increased by about 19 to 20% so far in December, ITS sources said.
Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil was quoted at Rs 1,380 and cottonseed oil at Rs 1,060, while the price of cingulum oil was quoted at Rs 1,350 to Rs 13,60,15 per kg and Rs 2,150 per kg of washed cotton. There was news of Rs 1005 to Rs 1008.
In the Mumbai market, imported palm oil was quoted at Rs 1,002 today while crude palm oil (CPO) Kandla was trading at Rs 934. Soybean oil was priced at Rs 1,070 to Rs 1,075 for digam and Rs 1,080 for refined, while mustard was priced at Rs 1,170, sunflower at Rs 1,220 and refined at Rs 1,240.
Today Peanut oil, cottonseed oil was price down we will discuss fortune sunflower in market price was 2010 price in today market Peanut oil, cottonseed oil this oil are down but the main problem was to sunflower was not too down in past two three week this oil price was day by day up to the price.
Mumbai spot castor and spot castor prices were calm, while prices of groundnut flour rose by Rs 500 per tonne and soymeal flour by Rs 300 per tonne in the Mumbai flour market today, while sunflower flour prices rose by Rs 400 to Rs 500 per tonne.
Fell, while the others were quiet.
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