web stats analysis

Soybean News - Oilseed traded with weak sentiments on exclusion of crude palm oil and RBD palm oil export ban.
logo
Download Our Android App From Google Play Store

Oilseed traded with weak sentiments on exclusion of crude palm oil and RBD palm oil export ban.

Yesterday oil seed complex surged on Indonesia’s surprise palm oil export ban, However, today oilseed complex remained weak on clarification that Indonesia will only halt exports of bulk and packaged RBD palm olein, a higher value product that has been processed. Exports of crude palm oil and RBD palm oil will still be allowed. In Indore, soybean plant average prices went down by 0.90% to Rs. 7750/qtl. In other cash markets too prices traded with weak sentiments. In MP arrivals stood at 0.6Lakh bags and in MH arrivals stood at 0.6 Lakh bags. Soybean (plant delivery, Indore) prices are expected to trade with weak bias on the back of palm oil export ban exclusion by Indonesia in the range of 7600-7800/qtl levels in the near-term.