Mumbai: The prices of various edible oils were strengthened in Mumbai oilseed market today. The demand was increasing. It is reported that palm oil futures in Malaysia in the world market increased from 154 to 171 points today. The price of imported palm oil in Mumbai spot market increased by 10 kg to Rs 1,370. Mumbai: Singapore oil prices rose to Rs 1450 and cotton oil increased to Rs 1330. The price of refined soybean oil was Rs 1,330.
Sunflower prices rose to Rs 1365 and refined prices to Rs 1440. Mustard oil was priced at Rs 1325 and refined oil was priced at Rs 1355. Copper prices also continued to rise in the south. Meanwhile, today the price of spot castor oil increased by Rs 2 further, while the price of spot castor oil rose by Rs 10 per kg, while castor oil prices rose to a high of Rs 6,800 before falling to Rs 6,700. . However, the price of castor oil in Mumbai oil market was less than 100 rupees per tonne. The price of the tide was said to be up to Rs 500 per tonne.
Meanwhile, the price of RBD Pamoline in Kandla remained at Rs 1375. Palm oil was Rs 1360 in February and refined soybean oil was Rs 1325 and Rs 1330 in March. Refined soybean oil in Hazira ranged between Rs 1,313 to Rs 1,318. Refined sunflower oil in Khapoli was Rs 1440 in February and Rs 1455 in March. The price of washed cotton in Saurashtra increased from Rs 1270 to Rs 1280. The price of Singapore oil had increased by Rs 1,400 and was being spoken by Rs 2,250 per 15 kg. The price of Patalganga Pamolin was Rs 1370. The price of RBT Palm at Navi Mumbai port was Rs 1375. Meanwhile, according to the rumors going on in the market, the government is considering increasing the duty (cess) on the import of edible oils. The possibility of increasing import duty to support the farmers of the country is being considered. Experts estimated that if the fees in India increase, the prices of edible oils will rise domestically, while the prices of edible oils in the world market will be under pressure. There was news in the global market that soybean oil prices fell by 21 points in overnight business in US agricultural markets. In the world market, with the increase in crude oil prices, the price of global edible oil also saw an increase.
