Login ID:
Partner Login
Contact Us : 7066511911

BMD Close: Palm rebounds on profit booking at lower levels

3 Mar 2021 6:02 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) – The benchmark palm oil contract for May delivery rise 37 RM, to 3,679 RM/MT in today’s session.

Malaysian palm oil futures rise on Wednesday on back strengthening demand at lower price levels, while profit booking for short position also took market up by today’s close.

On fundamental basis Malaysia stockpiles are expected to build up after consistently falling since last few months.

Malaysia's palm oil stocks estimated to grow 7.6% month-on-month to 1.43 million tonnes at end-February due to a slower decline in production compared to exports.

BMD CPO 3M Futures is likely to trade in range of 3600-3700 RM/MT in coming sessions.

MCX CPO 1M futures are likely to trade in range of 1030 -1050 Rs/10 Kg in coming sessions.

(Commodities Control Bureau)

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

   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
Imported Urad & Masoor Weaker at Mumbai, Chana-Kabuli C...
Chana Trades Lower in Delhi due to COVID Curfew
Pulses commentary: Chana futures to continue upside ral...
Branded Processed Pulses At Mumbai APMC Market- 17th Ap...
Naya Bazar Delhi Pulses Market Closed For Weekend Curfe...
Top 5 News
Icex Rubber Price 19 April 2021
Malaysia Rubber Physical Prices (Sen/Kg) 19 April 202...
China boosts crude oil storage, but higher price may de...
LME warehouse stock movements - 19th April
Government procures 113.6 L MT, Over Four Fold than Las...
Top 5 Special Reports
Weekly: Most Pulses Extend Gains This Week, Urad Report...
Weekly: NY Cotton Extends Northward Rally amid Improvin...
Weekly: NY Sugar Posts Second Consecutive Weekly Gain o...
Crisis in Mozambique Could Mean Trouble for India's Foo...
Cotton Yarn Prices to Resume Northward Rally; Expanding...
Copyright © CC Commodity Info Services LLP. All rights reserved.