Last Updated : February 14, 2012 16:23
NCDEX soy oil edges higher on global cues
MUMBAI (Commodity Online): Soy oil futures rose Tuesday on fresh buying by the traders tracking firm global cues amid lower import data.
In NCDEX soy oil March contract is trading at Rs.695.25 per quintal, up by 1.18 per cent on 16:15 IST against the previous close.
In the morning session the contract traded at a range of Rs.686.60-695.70 per quintal. Open interest of the contract is 125410 lots and volume traded is 176510 lots for the time being.
India is expected to import during next two months to meet on going marriage season demand. Season for higher imports of edible oil might keep the prices under pressure. However palm oil prices might increase on reviving export demand in Malaysia.
MCX CARBON CREDITS 14 December 2012
contract was trading at
Rs 562 , down Rs. -53 . What's your view on it?
