Malaysia CPO rises on bargain buys post 2-week low

Ram Gopal Yadav (7 years ago)

The April futures contract of crude palm oil on the Bursa Malaysia Derivatives ended over 1% higher due to bargain buying after prices hit a two-week low of 2,445 ringgits per tn earlier. The most-active April contract of crude palm oil on the Malaysian bourse settled at 2,493 ringgits (40,955.24 rupees) per tn, up 1.1% from the previous close. Gains in soyoil contracts on CBOT also supported crude palm oil prices on the Malaysian bourse.

NCDEX soybean hits 2-week low on subdued demand

Ram Gopal Yadav (7 years ago)

Futures contracts of soybean hit a two-week low of 3,539 rupees per 100 kg due to subdued demand from oil millers. The most-active February contract was down 1.5% from the previous close. In the past few days, soybean prices rose more than that expected in the spot market and therefore, now there is some selling pressure. Weakness in the soybean contracts on the CBOT is also seen weighing on prices.

NCDEX coriander down on high imports, low demand

Ram Gopal Yadav (7 years ago)

Futures contracts of coriander fell marginally on the NCDEX due to a rise in imports of the spice and subdued demand for the new crop because of higher moisture content. The most-active April contract of coriander was down 0.6%.