Login ID:
Password:
Partner Login
Contact Us : 07666977977

India RBD Palmolein Down On Improved Supply

14 Feb 2017 5:17 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - RBD palmolein traded down in most of the spot markets of the country on Tuesday due to improving supply in the domestic market.

A trader from Kolkata said "Malaysian market was weak during first half, however it recovered later, but early weakness has weighed on market sentiments and sent negative signal to the spot markets."

Malaysian palm oil future closed 0.46 percent higher tracking recovery in U.S futures market.

Palm oil prices are under pressure on low demand tracking volatility in futures market coupled with outlook of rising supply of edible oil in local spot market.

Palm oil (CPO+RBD) stocks at various ports of the country rose by 30 percent as on February 06 against last week.

In addition to it, stock of other edible oil at the ports have also increased gradually easing concern about edible oil supply.

According to traders market participants are not ready to make big commitments as avialability of edible oil seen has improved.

At local bourse, crude palm oil most active February contract on Multi Commodity Exchange (MCX) was lower 0.56 percent at Rs 567.8/10kg against Rs 571 on previouis close, while forward March contract was down 0.39 percent at Rs 558.9.

Following are refined, bleached and deodorized (RBD) palmolein prices (Rs/10kg) in various markets of India at 1330 PM (IST).

Palmolein 14-Feb-17 13-Feb-17 Change
Mumbai 620 626 -6
Kakinada 620 622 -2
Chennai 625 630 -5
Manglore 625 625 -
Kandla 620 630 -10
Kolkata 626 630 -4
Ahmedabad 618 622 -4
Nellore 615 618 -3

(By Commoditiescontrol Bureau; +91-22-40015516)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
DJ Malaysian AM Cash Market Prices for Palm Oil - Febru...
Argentina Soy Oil (FOB) Price Slips On Weak CBOT Soy Oi...
Edible Oil & Oilseed Market Highlights
DJ USDA Minnesota/North Dakota Daily Oilseed Prices - F...
DJ MGEX Grains Close - Feb 22
more
Top 5 News
*DJ SGX Sicom Benchmark March RSS3 Rubber Up 1.1 Cents ...
DJ Malaysian AM Cash Market Prices for Palm Oil - Febru...
Argentina Soy Oil (FOB) Price Slips On Weak CBOT Soy Oi...
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
*DJ Sime Darby Group CEO: Company Is Open to Selling It...
Top 5 Special Reports
Rise In Acreage Likely To Moderate Cotton Prices In FY1...
India Apr-Nov 2017 Cumin Seed Exports Up 14.39% (Y/Y) A...
Fasal Bima Yojana: Govt To Increase Coverage To 50% Of ...
Technical: Moong Green Peas Jaipur Spot : Expect Consol...
Technical : Sunflower Oil Kakinada Spot : Accumulate
Copyright © CC Commodity Info Services LLP. All rights reserved.