MUMBAI: Indian oilseeds and soyoil futures are likely to fall on Friday, depressed by a sharp drop in overseas markets and subdued export demand for oilmeal, analysts said.
US soybean, corn and wheat futures fell in response to uncertainty caused by a suspected trading glitch that saw US stocks plunge 9 percent in afternoon trade before clawing back some losses.
Malaysian palm oil futures were trading 1.11 percent lower at 8:25 a.m.
India's April oilmeal exports slumped 14.35 percent from a year earlier, falling for the sixth straight month, on low domestic crushing and as a strengthening rupee weakened demand from Vietnam and China, a trade body said. See
The May soybean contract NSBK0 on the National Commodity and Derivatives Exchange ended up 1 percent at 2,018.5 rupees per 100 kg, while the May soyoil contract NSOK0 rose 0.53 percent to 447.85 rupees per 10 kg in the previous session.
The May rapeseed contract NRSK0 finished 0.40 percent higher at 494.95 rupees per 20 kg.
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