Malaysia CPO ends over 2% lower on firm ringgit

Ram Gopal Yadav (7 years ago)

Futures contracts of crude palm oil on the Bursa Malaysia Derivatives ended over 2% lower today due to a strong ringgit against the dollar. A firm ringgit makes the commodity more expensive for buyers holding other currencies. The most-active March contract of the commodity on the Malaysian bourse settled at 2,567 ringgits (40,992.24 rupees) per tn, down 2.1% from the previous close. An on-month rise in Malaysia’s crude palm oil stocks in December further weighed on the prices.

Jaipur mustard seed up on higher demand from millers

Ram Gopal Yadav (7 years ago)

Prices of mustard seed were up in Jaipur because of higher demand from oil millers. Futures contracts of mustard seed on NCDEX, however, traded lower due to higher expiry stocks. The most-active April contract of mustard seed on NCDEX ended down 0.6% from the previous close. Higher volumes of expiry stocks for January delivery are seen creating bearish sentiment

India Edible Oil: Down; mustard ends lower on lukewarm spot demand

Ram Gopal Yadav (7 years ago)

Futures contracts of all components of the edible oil basket declined on the domestic exchanges.Shrugging off gains from the previous session, April contract of mustard settled 0.6% lower on the National Commodity and Derivatives Exchange owing to tepid buying from oil millers. However, looming fears of a small crop this year due to adverse weather conditions restricted any sharp fall. Soybean on the NCDEX also closed 0.6% lower in line with weakness in the bellwether contracts on the Chicago Board of Trade. Refined soyoil on the NCDEX, and crude palm oil on the Multi Commodity Exchange of India, both traded 0.6% lower due to lacklustre demand at higher prices in the wholesale markets