Palm Oil Insights for January 23, 2017
Commodity Online | January 23 2017
UPDATED 17:23:16 IST
  • A steady trend was witnessed in the Palm Oil complex in the major spot markets of the country during today’s trade.
  • There were no encouraging cues for Palm Oil during today's trade in the spot markets which kept the prices steady.
  • Price of Crude Palm Oil in the futures trade were up by 0.10 per cent and reached Rs 580.40 per 10 kg in today as traders created fresh positions.
  • Palm Oil prices have been trading on the negative side for the past few days as demand was lower due to intensifying winter in North India.
  • Uptick in Palm Oil demand can be expected only after the temperatures increases in the country.
  • Palm Oil price is expected to hit 3,300 ringgit per metric ton by March, as stocks of the tropical oil remain tight. Prices will then fall nearly a quarter by June or July, according to leading vegetable oils analyst Dorab Mistry.
Commodity Arrivals Rate
Mustard Oil 5 13600.00
Coconut Oil 0.1 19700.00
Tamarind 2 7500.00
Arecanut 0.46 29900.00

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