Last Updated : February 06, 2012 11:45
India soy oil to trade higher on lower sowing
Edible oil prices can extend gains for today on back of the revival in demand for bean prices. Declining crushing margin in domestic markets is restricting the crushers from undertaking crushing. Thus oil production is at halt which results in positive cues for prices.
Malaysian palm oil market is closed for today on account of Muslim festival. However steep upside could be limited on anticipation higher imports of edible oils in the first quarter.
Edible oil imports data is due to release in next week which might show higher imports and port wise stocks which could cap steep gains.
Courtesy: Karvy Comtrade Ltd.
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NCDEX PEPPERMALABARGARBLEJUL12 20 July 2012
contract was trading at
Rs 0 . What's your view on it?
