Monday, 20 February 2012

Commodity Trading 21 Feb

Spot soy oil traded higher Monday on bullish cues from BMD CPO futures. Domestic futures markets closed yesterday for Mahashivratri festival.

Refined soy oil in benchmark Indore market quoted up Rs 1 at Rs 674 per 10 kg and in Mumbai it quoted higher Rs 6 at Rs 674 per 10 kg.

Crude soy oil in Indore market traded up Rs 4 at Rs 644 per 10 kg, while in Mumbai it quoted up Rs 5 at Rs 6487per 10 kg.

Mustard oil in Mumbai quoted higher Rs 7 at Rs 729 per 10 kg, while refined sunflower quoted at Rs 689 per 10 kg.

Cardamom and pepper in India's commodity exchange traded higher for the week on higher demand from both domestic as well as international while, turmeric fell 10.10% during the period.

Global Pepper production in 2012 is expected to increase 7.1% to 3.20 lakh tons as compared to 2.96 lakh tonnes in 2011 with sharp rise of 23% in Indonesia's output and in Vietnam by 10%.

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