9/12/2018 01:15:00 PM
- CPO trading range for the day is 602.8-611.4.
- Crude palm oil settled flat with the improving demand from the stockists ahead of festive season.
- Palm oil production is widely expected to rise in the coming months in line with seasonal trends.
- August output is likely to have risen 9.9 percent to 1.65 million tonnes, contributing to higher inventory levels, which are seen hitting a six-month top.Rmseed trading range for the day is 4159-4257.
- Rmseed dropped tracking weakness in spot demand after prices seen supported amid higher meal export data.
- Sellers were hesitant in offerings expecting further rise on hopes of fresh demand from crushing units.
- NCDEX accredited warehouses mustard seed stocks dropped by 2976 tonnes to 32192 tonnes.
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