Last Updated : March 16, 2010 14:10
Crude Palm Oil bearish on weak fundamentals
MCX April CPO closed lower Rs 2.4 at Rs 370.60/10 Kg on Monday, due to bearish fundamentals for Soy Complex.
The benchmark May contract on BMD CPO ended lower at MYR 2590/tonnes on Monday, down MYR 59/tonnes as compared to previous close, from its high of the day 2631 levels and touched a low of MYR 2591/tonnes.
COOIT in its 31st All India Rabi Seminar of Oilseeds, Oil Trade and Industry estimated the total vegetable oil availability from Kharif and Rabi Oilseeds crops for the year 2009-10(Nov-Oct) is estimated to decrease to 78.8 lakh tones from 82.1 lakh tones last year.
Spread between NCDEX & MCX April Ref Soy Oil contracts are Rs -2.05 against previous day of Rs -3.35 per 10 Kg.
Courtesy: Angel Commodities Reduce investment risk by intelligent information
MCX POTATO TARKESHWAR 13 April 2012
contract was trading at
Rs 518.4 . What's your view on it?
