Tuesday, 5 April 2016

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Mentha oil on MCX settled up by 0.49% at 823 amid improved demand from consuming industries at the spot market. Further, tight stocks position on restricted supplies from major producing regions of Chandausi in Uttar Pradesh also supported mentha oil prices. 

Trading Ideas: 

Menthaoil trading range for the day is 812.8-837.4. 
Mentha oil spot at Sambhal closed at 987.50 per 1kg. Spot prices is up by Rs.0.70/-. 
Mentha oil prices gained amid improved demand from consuming industries at the spot market. 
Further, tight stocks position on restricted supplies from major producing regions of Chandausi in Uttar Pradesh also supported prices. 
As per market survey the total area under Mentha planting has dropped by 20% to 1.75 lakh ha this season. 

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Live cardamom Market Update

Cardamom prices rose by 1.74 per cent on Tuesday at the Multi Commodity Exchange (MCX) on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand. 

At MCX, Cardamom futures for April 2016 contract were trading at Rs 679 per kg, up by 1.74 per cent, after opening at Rs. 681.60 against the previous closing price of Rs. 667.40. It touched the intra-day high of Rs. 684 till the trading. 

(At 10.45 AM today). Sentiment improved further as a result of firm demand in the market against restricted arrivals from producing belts of Chandausi in Uttar Pradesh. 


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Silver News Update By MarketMagnify

Silver on MCX settled down -0.95% at 35581 as upbeat U.S. jobs data increased the probability that the Federal Reserve could implement multiple interest rate hikes before the end of the year. Bullion was relatively flat on Monday in quiet trade, one session after plunging to fresh five-week lows, as markets in China remained closed for a traditional spring holiday.

Trading Ideas:
Silver trading range for the day is 35265-36153.
Silver dropped as better than expected U.S. employment data sparked speculation the Fed could raise interest rates sooner and faster than expected.
Robust U.S. jobs data indicated strength in the economy and stoked speculation the Fed could raise interest rates soon.
Holdings at ishares silver trust gained by 0.33% i.e. 34.18 tonnes to 10378.53 tonnes from 10344.35 tonnes.


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Natural Gas futures jumped by more than 3 per cent in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking a bullish trend internationally where prices rose to an eight-week high on hopes that unseasonably cold weather in parts of the US may bolster demand for the heating fuel and ease a supply glut. 

The MDA Weather Services predicted below normal temperatures across most of the eastern US from April 9 through April 13. 

About 50 per cent of US households use natural gas for heating purposes. At the MCX, Natural Gas futures for April 2016 contract closed at Rs 133.9 per mmBtu, up by 3.2 per cent, after opening at Rs 130.9, against the previous closing price of Rs 129.7. It touched an intra- day high of Rs 137.3.


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Ncdex chana live update

Chana prices closed higher 4 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market.

 At the NCDEX, chana futures for April 2016 contract closed at Rs. 4,788 per quintal, up by 4 per cent, after opening at Rs. 4,742 against the previous closing price of Rs. 4,604. 

It touched the intra-day high of Rs. 4,788. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. 

India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.


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Gold held losses from a two-day decline on Tuesday on worries the Federal Reserve will hike U.S. interest rates earlier than market expectations and on outflows from bullion-backed exchange traded funds.

FUNDAMENTALS

*Spot gold was little changed at $1,215.55 an ounce by 2345 GMT, after dropping 1.4 percent in the past two sessions.

* Gold had posted its biggest quarterly rise in nearly 30 years in the March quarter, rallying 16 percent as expectations faded that the Fed would move to normalise interest rates due to concerns over the global economy. The U.S. central bank raised rates in December for the first time in nearly a decade.

* The metal is highly exposed to rising rates, which lift the opportunity cost of holding non-yielding assets, while boosting the dollar.

* Gold's decline began after data on Friday showed non-farm payrolls rising by 215,000 last month, higher than expectations of 205,000, underscoring the strength in the U.S. economy.


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Today's Mustard seed Market Update By MarketMagnify

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Mustard seed prices closed higher by 2.22 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the decline in the supply for the commodity in the major markets. 

At the NCDEX, mustard seed futures for April 2016 contract closed at Rs. 4,288 per quintal, up by 2.22 per cent, after opening at Rs. 4,251 against the previous closing price of Rs. 4,195. It touched the intra-day high of Rs. 4,344. 

India produces 5.5 million MT to7 million MT annually and about 0.15 million MT is retained for sowing and direct consumption as seed which leaves about 4.8-5.1 million MT for crushing and extracting oil.

Monday, 4 April 2016

Today's Coriander Market Update By MarketMagnify

Coriander prices rose by 2.42 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the limited stocks on account of restricted arrivals from the major growing belts. 

At the NCDEX, coriander futures for April 2016 contract was trading at Rs. 7,272 per quintal, up by 2.42 per cent after opening at Rs. 7,085 against the previous closing price of Rs. 7,100. It touched the intra-day high of Rs. 7,300 till the trading. 

Sentiment improved further as the investors enlarged their holdings tracking the surge in the demand for the commodity. Coriander is common in South Asian, Middle Eastern, Central Asian, Mediterranean, Indian, Tex-Mex, Latin American, Portuguese, Chinese, African, and Scandinavian cuisine.


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Copper News Update By MarketMagnify

Copper futures retreated during noon trade in the domestic market on Monday tracking a bearish global trend as robust US jobs data for March raised concerns that the US Federal Reserve may hike interest rates in the near-term while worries over the demand outlook from China, the world’s biggest metals consuming nation, remained. 

The US economy added 215,000 jobs in March, compared to a revised 245,000 in February, and topping analysts’ estimates of 205,000 while wages picked up, a sign that the labour market recovery in the world’s biggest economy remains on a strong footing in the face of a global slowdown. 

At the MCX, Copper futures for April 2016 contract were trading at Rs. 316.80 per 1 kg, down by 0.55 per cent, after opening at Rs 318.45, against the previous closing price of Rs 318.55. It touched the intra-day low of Rs. 316.45.


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Today'Jeera Market Update

Jeera prices closed lower by 0.45 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. 

At the NCDEX, jeera futures for April 2016 contract closed at Rs. 15,495 per quintal, down by 0.45 per cent, after opening at Rs. 15,635 against the previous closing price of Rs. 15,565. 

It touched the intra-day low of Rs. 15,470. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. 

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.


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Today's Chana Market Update By MarketMagnify

Chana prices closed higher 2.03 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the traders enlarged their holdings in the commodity on account of the good demand in the market. 

At the NCDEX, chana futures for April 2016 contract closed at Rs. 4,614 per quintal, up by 2.03 per cent, after opening at Rs. 4,520 against the previous closing price of Rs. 4,522. 

It touched the intra-day high of Rs. 4,615. Moreover, the restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices. 

India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.


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Today's Natural Gas Market Update

Natural Gas ended in the red in the domestic and overseas market on Friday as investors and speculators cut positions in the energy commodity on worries that the market remains oversupplied.

 At 2.468 trillion cubic feet in the week ended March 25, 2016, total gas storage levels in the US remain nearly 52 per cent above average for this time of year as a moderate winter suppressed demand for the heating fuel while rising US production also bolstered supplies. 

At the MCX, Natural Gas futures for April 2016 contract closed at Rs 129.7 per mmBtu, down by 0.15 per cent, after opening at Rs 130.2, against the previous closing price of Rs 129.9. It touched an intra- day low of Rs 128.8.


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Gold futures tumbled by almost 2 per cent in the domestic market on Friday tracking weakness in the yellow metal overseas as better than expected US jobs data infused optimism over the health of the world’s biggest economy, eroding the safe haven appeal for the bullion, while keeping the door open for further tightening of interest rates by the US Federal Reserve later this year following a maiden hike in borrowing costs since 2006 in December, dimming the lure for gold as a store of value.

 The US economy added 215,000 jobs in March, compared to a revised 245,000 in February, and topping analysts’ estimates of 205,000. Meanwhile, a US factory gauge expanded for the first time in seven months in March, also offering evidence of strength in the American which may convince the Fed to proceed with gradual rate hikes. 

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Oil prices fell in early trading on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade, while US output remains stubbornly high. Front month US West Texas Intermediate (WTI) crude futures were trading at USD 36.38 per barrel at 0302 GMT, down 1.1 percent or 41 cents cents from their last settlement. 

International Brent futures were down 0.9 percent or 34 cents at USD 38.33 a barrel. The falls extended a 4 percent tumble on Friday when Saudi Arabia said it would only participate in a global freeze of its output if its rival Iran also took part, something Tehran has so far dismissed. 

Adding to concerns of a global glut which has pulled down prices by as much as 70 percent since 2014, US production has remained high despite steep cuts in drilling for new reserves as well as a jump in bankruptcies.

Thursday, 31 March 2016

Today's Crude Oil Market Update By MarketMagnify

Crude oil futures closed lower in the domestic market on Wednesday as investors and speculators cut positions in the energy commodity after storage levels in the US shot up to the highest level since 1930, raising concerns over a growing global supply glut. 

The EIA said that US crude inventories climbed by 2.3 million barrels to 534.8 million barrels last week, while supplies at Cushing, the biggest US oil storage hub, fell by 272,000 barrels to 66 million barrels. However, refineries operated at 90.4 per cent of capacity in the week ended March 25, 2 percentage points higher than the prior week. 

Oil production in the US fell by 16,000 barrels per day to 9.02 million barrels per day last week, the lowest since November, supporting crude. Meanwhile, reports emerged that Iran will attend talks in Doha in April with other major crude producers including OPEC giant Saudi Arabia, without participating in a proposal to freeze output. 


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Natural Gas futures advanced in the domestic and overseas market on Wednesday as investors and speculators booked fresh positions in the energy commodity as forecasts for a late cold front in early April across the US Northeast and Midwest bolstered the demand outlook for the heating fuel and eased concerns over oversupplies. 

Energy Aspects said that US natural gas output has fallen 2 per cent from a recent high of 73 billion cubic feet while the EIA on Thursday, may show a 24 billion cubic feet withdrawal in US gas supplies in the week ended March 25, 2016. 

At the MCX, Natural Gas futures for April 2016 contract closed at Rs 132.8 per mmBtu, up by 0.53 per cent, after opening at Rs 132, against the previous closing price of Rs 132.1. It touched an intra- day high of Rs 133.8.

Wednesday, 30 March 2016

Today's Lme Inventory Report

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Copper stocks -3675 MT to 145450, 

Aluminum Stocks -15925 MT to 2798875 MT,

 Nickel Stocks -2178 MT to 432672 MT, 

Zinc Stocks -850 MT to 435800 MT, 

Lead Stocks -1075 MT to 156075 MT.

Today's Maize Market Update By MarketMagnify

Maize prices closed higher by 0.73 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of a rise in the demand from exporters and poultry industries.

 At the NCDEX, maize futures for April 2016 contract closed at Rs. 1,241 per quintal, up by 0.73 per cent, after opening at Rs. 1,232 against the previous closing price of Rs. 1,232. 

It touched the intra-day high of Rs. 1,241. USA, China and Brazil are the top three maize producing countries in the world while the prominent exporters of maize are USA, Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan, Indonesia etc.

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Gold futures rebounded in the domestic and overseas market on Tuesday as investors and speculators cheered comments from Fed Chair Janet Yellen who signaled caution over raising interest rates in the near-term amid worries over a global slowdown hurting growth in the world’s biggest economy, bolstering the lure for the yellow metal as a store of value. 

Yellen called for a slower pace of US interest rate tightening as she stressed that the rate of inflation in the US hasn’t yet proven to be sustainable in the wake of rising global risks that could slow growth in the American economy. 

At the MCX, Gold futures for April 2016 contract closed at Rs 28,743 per 10 gram, up by 1 per cent after opening at Rs 28,389, against the previous closing price of Rs 28,458. It touched the intra-day high of Rs 28,782.

Tuesday, 29 March 2016

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Gold futures ended lower in the domestic market on Monday as investors remained jittery over the trajectory for US interest rates. Federal Reserve Bank of San Francisco President John Williams said that global economy was having a significant impact on measures that Fed officials gauge to determine interest rates. 
 
At the same time, an upward revision in US fourth quarter growth to 1.4 per cent annualized pace from 1 per cent earlier signaled more optimism over the strength in the world’s biggest economy, bolstering the case for further interest rate tightening in the coming months. 
 
Traders stuck to a cautious tone ahead of key US reports on employment, manufacturing, housing, consumer confidence and Fed Chair Janet Yellen’s speech this week, which may offer further clues over the course of US interest rates. 
 

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Today's Jeera Market Update By MarketMagnify

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Jeera prices closed higher by 0.97 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. 

 

 At the NCDEX, jeera futures for April 2016 contract closed at Rs. 15,540 per quintal, up by 0.97 per cent, after opening at Rs. 15,455 against the previous closing price of Rs. 15,390. It touched the intra-day high of Rs. 15,775. Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. 

 

Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. 

 

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

Monday, 28 March 2016

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Crude oil futures tumbled by more than 1.5 per cent in the domestic market on Thursday as a larger than expected US stockpile build exacerbated fears over a widening global supply glut. US crude oil stockpiles climbed by 9.4 million barrels to 532.5 million barrels in the week ended March 18, 2016, the EIA said. 

The number of Americans who filed to claim jobless benefits climbed, orders for durable goods fell in February but services growth quickened in March, signaling a mixed outlook for the world’s biggest economy, weighing on the fuel.

US jobless claims rose by 6,000 to 265,000 in the week ended March 19, durable goods orders declined 2.8 per cent in February but the gauge measuring US services climbed to 51 in March from 49.7 in February. 

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Natural gas futures fell in the domestic market on Thursday as investors and speculators exited positions in the energy commodity after a rise in US storage levels signaled weak demand for the fuel in the world’s biggest natural gas consumer. 

The EIA reported that US gas supplies climbed by 15 billion cubic feet to 2.493 trillion cubic feet in the week ended March 18, 2016. The five-average average for the same week was a withdrawal of 24 billion cubic feet while stockpiles fell by 4 billion cubic feet a year ago.

At the MCX, Natural Gas futures for March 2016 contract closed at Rs 120.8 per mmBtu, down by 0.90 per cent, after opening at Rs 121.2, against the previous closing price of Rs 121.9. It touched an intra day low of Rs 119.

Monday, 21 March 2016

Today's Chana Market Update

Chana prices closed lower by 0.87 per cent on Friday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the steady sowing progress of pulses along with high supplies in major producing states. 

At the NCDEX, chana futures for April 2016 contract closed at Rs. 4,334 per quintal, down by 0.87 per cent, after opening at Rs. 4,376 against the previous closing price of Rs. 4,372. It touched the intra-day low of Rs. 4,317.

India is the largest producer of chickpea followed by Pakistan, Turkey and Iran. 

India produces around 6 to 8 million tonnes and contributes around 70 per cent of the total world production.



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Crude oil futures tanked more than 1 per cent in the domestic market on Friday as investors and speculators exited positions in the energy commodity tracking a bearish trend internationally as the first rise in US oil rig count since December last week fueled worries that producers may keep pumping crude, exacerbating a global supply glut. 

Industry research firm Baker Hughes reported that the number of rigs drilling for oil in the US climbed by one last week to 387, snapping three straight months of weekly declines. 

Meanwhile, US storage levels remain at a record high of above 520 million barrels, a sign that the market remains awash in crude even as speculation heats up of major oil producers reaching a potential agreement in April to freeze output.

Further, household confidence in the US plunged to the lowest level in five months in early March 2016 as Americans grew slightly worried over the outlook for the world’s biggest economy, dimming the demand for the fuel. 

Wednesday, 16 March 2016

Today's Mustard Seed Market Update

Mustard Seed prices closed lower by 0.68 per cent on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the profit booking by the traders on account of the weak crushing and export demand of mustard meal.

 At the NCDEX, Mustard Seed futures for April 2016 contract closed at Rs. 3,923 per quintal, down by 0.68 per cent, after opening at Rs. 3,950 against the previous closing price of Rs. 3,950. 

It touched the intra-day low of Rs. 3,916. Sentiment weakened further due to the sluggish export demand as a result of the weak demand for the commodity. EU-27 accounts to about 34 per cent of worlds RM seed production, others major producers are China (23 per cent), Canada (19 per cent), India (14 per cent), Australia (3 per cent), Ukraine (2 per cent). India produces 5.5 million MT to7 million MT annually



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Natural Gas futures advanced almost 2 per cent in the domestic market on Tuesday tracking a rally in the energy commodity internationally as forecasts for cooler weather across the eastern parts of the US next week raised hopes of a pickup in gas-fired heating demand in the world’s biggest fuel consuming nation. 


About 49 per cent of US households use natural gas for heating purposes. November to March is the peak US gas heating season. The focus now shifts to the EIA’s US storage report due on Thursday which will offer further cues over the state of demand for the fuel in the country. Inventories had declined by 43 billion cubic feet in the same week last year, while the five-year average change for the week is a withdrawal of 71 billion cubic feet. 


At the MCX, Natural Gas futures for March 2016 contract closed at Rs 125.3 per mmBtu, up by 1.95 per cent, after opening at Rs 122.5, against the previous closing price of Rs 122.9. It touched an intra-day high of Rs 128.

Tuesday, 15 March 2016

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World oil prices fell further today on doubts over a consensus between producer nations to limit output in an oversupplied market, dealers said.

 At around 1700 GMT (2230 IST), US benchmark West Texas Intermediate (WTI) for delivery in April dived USD 1.71 to USD 36.79 per barrel. 

Brent North Sea crude for May delivery sank USD 01.27 to USD 39.12 a barrel compared with Friday's close. Oil had rallied Friday after the International Energy Agency said that after the market's 20-month long rout, there were signs prices may have "bottomed out".

 However, prices hit reverse gear today after Iran reportedly announced over the weekend that it would not join a proposed output freeze by crude producers.

Friday, 11 March 2016

Best Agri Maize Market Update

Maize prices ended lower by 1.63 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of heavy selling activity by the traders on account of higher global supplies and weak offtakes from the local buyers. 

At the NCDEX, maize futures for March 2016 contract closed at Rs. 1,391 per quintal, down by 1.63 per cent, after opening at Rs. 1,417 against the previous closing price of Rs. 1,414. It touched the intra-day low of Rs. 1,379. 


USA, China and Brazil are the top three maize producing countries in the world while the prominent exporters of maize are USA, Argentina and Brazil. Chief importers are Japan, EU, Malaysia, Taiwan, Indonesia etc.


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Today's Jeera Agri Market Update

Jeera prices closed higher by 0.84 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions. 

At the NCDEX, jeera futures for March 2016 contract closed at Rs. 15,080 per quintal, up by 0.84 per cent, after opening at Rs. 14,885 against the previous closing price of Rs. 14,955. It touched the intra-day high of Rs. 15,215. 

Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. 


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Oil prices rebounded in Asia today but doubts over a planned meeting between producer giants including Russia and Saudi Arabia this month to discuss an output freeze held back gains. 

Questions over the proposed March 20 meeting emerged after Iran declined to agree to any output cap as it ramps up production following the lifting of nuclear-linked sanctions in January. 

And even if a meeting does takes place, analysts are not optimistic an agreement would be reached. 

The idea of freezing output surfaced in discussions led by OPEC kingpin Saudi Arabia and Russia in February after an increase in global production January added to a supply glut that has sent prices plunging by 70 from mid-2014 peaks.

Thursday, 10 March 2016

Mcx Gold and Silver Market Update

Gold
Gold on MCX settled down -0.71% at 29598 dropped sharply as weaker Euro and the stronger Dollar are weighing on gold prices. Worries about the expected monetary policy easing from the ECB and the possibility that the Fed may raise interest rates perhaps as early as June are encouraging investors to take profits.

Trading Ideas:
Gold trading range for the day is 29122-29956.Gold fell as oil prices and world stock markets rose, and expectations for further monetary easing from ECB prompted some investors to take profits.Headwinds in the global economy are likely to deter U.S. policymakers from raising interest rates soon after hiking them in December.


Silver
Silver on MCX settled down -0.55% at 37223 slipped as Comex Silver dropped to closed at $15.26 an ounce dropped in the steady session as dollar advanced on expectations of more stimulus from the ECB to bolster economies in the euro zone.

Trading Ideas:
Silver trading range for the day is 36671-37649.Silver dropped amid rallies in global equity markets, dampening the demand ahead of a critical meeting by the European Central Bank's Governing Council.In the U.S., wholesale inventories rose by 0.3% in January, increasing by the highest level since last June and halting a three-month streak of negative moves.

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Mcx Natural Gas Live Updates

Natural Gas futures surged by nearly 4 per cent in the domestic market on Wednesday tracking a bullish trend internationally as the sharp retreat in the energy commodity in recent sessions paved way for bargain buying in the fuel by investors and speculators, at existing levels. 

The focus is now on the EIA’s weekly storage data on Thursday which may show a withdrawal of 51 billion cubic feet in US gas supplies, up from a 48 billion cubic feet storage drop in the prior week, and a decline of 43 billion cubic feet in the same week last year and a five-year average dip of around 71 billion. 

At the MCX, Natural Gas futures for March 2016 contract closed at Rs 119.7 per mmBtu, up by 3.82 per cent, after opening at Rs 116.6, against the previous closing price of Rs 115.3. It touched an intra-day high of Rs 120.4.

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Oil rallied as dealers digested the latest snapshot of commercial crude reserves in top global consuming nation the United States. Around 1715 GMT, US benchmark West Texas Intermediate (WTI) for delivery in April jumped USD 1.49 to USD 37.99 a barrel. Brent North Sea crude for May delivery won USD 1.26 to USD 40.91 a barrel compared with yesterday's close. 

The market had already risen in earlier deals despite festering concerns over the global economy, in particular weak Chinese growth. 

The US government's Department of Energy (DoE) reported today that commercial crude stockpiles gained almost 3.9 million barrels in the week ending March 4. 

That beat market expectations for a build of 3.5 million barrels, according to analysts polled by Bloomberg News. However, it was far less than the 10.4-million-barrel jump posted the previous week.

Wednesday, 9 March 2016

Daily Crude palm Oil Market Update


MCX settled up by 0.29% at 490.3 supported by pickup in demand at the spot market. Further, firming trend in the overseas market too fuelled the uptrend. Malaysia should scrap export duty rates for processed palm oil products to help its refining sector, which is losing market share to the world's biggest palm producer Indonesia, a Malaysian industry body said. Malaysian shipments of palm oil products have fallen for five consecutive months since October, according to data from cargo surveyors.

Trading Ideas:

CPO trading range for the day is 483.8-494.8.
Crude palm oil prices gained supported by pickup in demand at the spot market.
Shipments from Malaysia for the vegetable oil fell 17-18 percent during Feb compared with the corresponding period a month ago.


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