Mumbai (Commodities Control) – Cargo surveyors have released Jan. 1-25 export data, and in line with expectations of market participants exports plunged by a 35-36% on the month.
Malaysia 1-25 Jan 2021 vs. 1-25 Dec 2020 export (in mt)
Amspec: 872,707 vs. 1,343,799 (-471,092 or down 35.06%)
ITS: 851,730 vs. 1,333,543 (- 481,813 or down 36.13%)
BMD CPO 3M futures are likely to stabilise towards 3150/3200 RM/MT in coming sessions.
MCX CPO 1M futures to trade towards 900/925 Rs/10 kg.
(Commodities Control Bureau)