Last Updated : March 19, 2010 12:15
RMseed may remain volatile
MUMBAI (Commodity Online): Slow recovery continues in RMseed prices indicating that some buying interest is gearing up in the domestic market on current levels. COOIT, a trade oilseeds trade association estimated RMseed production at 63.5 lakh tons and carry forward stock somewhere b/w 8-10 lakh ton.
Thus, total availability during the current season may remain near 73-74 lakh tons. Thus, supply situation is almost like the previous year. The important issue is that it is the soybean sentiments, which may affect the RMseed sentiments time being.
Trade sitting at the comfort of home. Start with a mere 50$
Weather this year has remained very good for crop production. Harvesting has begun in many parts of its major growing areas and fresh crop arrivals would start by this week in the physical market. In new produce, the moisture content is comparatively high and spot prices usually remain low. On Friday, prices are expected to trade volatile with movement in both directions.
Courtesy: Religare Commodities
MCX LEADMINI 29 February 2012
contract was trading at
Rs 105.9 , up Rs. 0.6 . What's your view on it?
