NCDEX Refined Soya Oil futures gained on heavy buying support amid firm global cues. Crude palm oil futures on Malaysia's derivatives exchange rallied Wednesday, shrugging off earlier losses on late buying interest and improved export demand. The benchmark January contract on the Bursa Malaysia Derivatives ended MYR65 higher at MYR2,984 a metric ton, its highest closing level since July 31, 2008.
Cargo surveyor Intertek Agri Services pegged exports during the first 20 days of October at 944,700 tons, up 4.2% on month. E-CBOT soyoil futures and Nymex crude oil also recovered during Asian hours, with support from weakness in the dollar. E-CBOT Soya Oil December contract is currently trading at 47.82, up 0.71 cents per pound.
NCDEX Refined Soya Oil for the November delivery spurted to the intraday high of Rs.528.70 and the session low was Rs. 523.15 per 10 kg. The contract ended the day higher at Rs. 528.30, up Rs. 5.15 or 0.98 percent from the last close and the open interest added 0.73 percent to 1,49,470 tonnes, indicating fresh buying and volume traded declined to 1,120 tonnes from 1,38,300 tonnes.
The Refined Soya Oil October delivery ended the day higher by Rs. 0.15 or 0.03 percent at Rs.512.60 after moving in the range of Rs. 512.80-Rs 511.20 per 10 kg. The open interest in the contract declined 10.17 percent to 21,630 tonnes and volume traded declined to 2,730 tonnes from 3,120 tonnes.
No hay comentarios:
Publicar un comentario