 Palmolein and soyabean oils prices strengthened by Rs 20 per quintal on the wholesale oils and oilseeds market today on increased buying by vanaspati millers, amid a firming trend in global markets.
Sentiments remained upbeat as palm oil gained in global markets on concern that a report will show the nation's farmers are likely to plant less soybeans in favuor of corn, reducing output of the crop used to make a rival cooking oil.
Meanwhile, palm oil futures for the most-active June contract gained 0.%t to $1,103 per tonne in Kuala Lumpur.
In the national capital, Palmolein (rbd) and palmolein (kandla) gained Rs 20 each to Rs 5,640 and Rs 5,350 per quintal.
Soyabean refined mill delivery (Indore) and soyabean degum (Kandla) also traded Rs 20 each higher at Rs 5,750 and Rs 5,710 per quintal.
Following are today's quotations in Rs per quintal:
Oilseeds: mustard seed 2,525-2,655 and groundnut seed 2,100-2,850.
Vanaspati ghee (15 litres tin) 1,065-1,140.
Edible oils: Groundnut mill delivery (Gujarat) 7,650, groundnut Solvent refined (per tin) 1,300-1,310, Mustard Expeller (Dadri) 5,480, Mustard Pakki ghani (per tin) 760-915, Mustard kachi ghani (per tin) 915-1,015, Sunflower 6,300, Sesame mill delivery 6,230, soybean Refined mill delivery (Indore) 5,750, Soyabean degum (Kandla) 5,710, Crude Palm Oil (Ex-kandla) 5,060, Cottonseed mill delivery (Haryana) 5,500, Palmolein (RBD)Rs 5,640 Palmolein (Kandla) 5,350, Rice bran (phy) 3,750 and Coconut (per tin) 1,600-1,660.
Non-edible oils: Linseed 4,600, Mahuwa 4,000, Castor 8,600-8,700, Neem 4,000-4,100, Rice bran 3,300-3,400 and palm fatty 3,225-3,300.
Oilcakes: groundnut dehusk 800-850, sesame 950-1,150, Mustard (new) 1,000-1,025, Mustard 1,200-1,210 and Cottonseed 1,075-1,175. |
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Last Updated on Wednesday, 06 April 2011 19:34 |
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Soyabean yesterday we have seen that market has moved -0.53% on profit booking after prices rose Friday on fears that farmers will not sow enough acres this spring to replenish depleted soybean supplies, and potential yield losses from wet conditions in northern Brazil. U.S. government predicted that soybean reserves will be higher than initially estimated.
At the Indore spot market in top producer MP, soybean gained 6 Rs to 2304Re 100 kgs. Market has opened at 2347 & made a low of 2327 versus the day high of 2351. The total volume for the day was at 33960 lots and the open interest was at 145510.
Support for soyabean is at 2322 below that could see a test of 2312. Resistance is now seen at 2346 above that could see a resistance of 2360.
Trading Ideas:
Soyabean trading range is 2312-2360.
Soyabean ended down on profit booking after prices rose Friday on fears that farmers will not sow enough acres
Soyabean is taking resistance at 2346 and support is seen at 2322.
U.S. government predicted that soybean reserves will be higher than initially estimated
At the Indore spot market in top producer MP, soybean gained 6 Rs to 2304Re 100 kgs. |
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Ref Soyaoil yesterday traded with the negative node and settled -0.08% down at 603.5 due to subdued demand at spot market.
At the Indore spot market soyoil edged up by 3.45 rupee to 594.95 rupees 10 kgs. In yesterday's trading session Ref Soyaoil has touched the low of 602.3 after opening at 606, and finally settled at 603.5.
For today's session market is looking to take support at 601.6, a break below could see a test of 599.8 and where as resistance is now likely to be seen at 606, a move above could see prices testing 608.6.
Trading Ideas:
Ref soyaoil trading range is 599.8-608.6.
Ref Soyaoil yesterday traded with the negative node due to subdued demand at spot market
Ref Soya oil looks to take support at 601.60 level
Ref Soya oil having resistance at 606 level
At the Indore spot market soyoil edged up by 3.45 rupee to 594.95 rupees 10 kgs. |
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Edible oil prices declined in the wholesale oils and oilseeds market during the past week on sluggish demand at existing higher levels and a weakening global trend. However, groundnut oil found some support against tight supply and rose moderately.
Non-edible oils held steady in restricted buying activity from consuming industries against adequate stocks.
Trading sentiments in edible oils turned bearish as palm oil dropped overseas on concerns that a decline in exports from Malaysia may boost stockpiles of cooking oil in the world's second-biggest producer.
Meanwhile palm oil futures slumped 5.4 per cent this week at USD 1,079 a metric tonne, the lowest price since November 24 on the Malaysian Derivatives Exchange.
Traders said sluggish demand at prevailing higher levels in tandem with a weak trend overseas, mainly pulled down the wholesale edible oil prices.
They added expectations of higher production of oilseeds also put pressure on the edible oil prices.
In the edible section, mustard expeller oil (Dadri) shed Rs 370 to Rs 5,500 per quintal on poor local demand.
Mustard pakki and kachi ghani oils traded lower by Rs 10 each to Rs 760-915 and Rs 915-1,015 per tin, respectively.
Cottonseed mill delivery (Haryana) and sesame mill delivery oils declined by Rs 150 and Rs 20 to Rs 5,500 and Rs 6,230 per quintal, respectively.
Taking cues from overseas markets, soyabean refined mill delivery (Indore) and soyabean degum (kandla) fell by Rs 370 and Rs 110 to Rs 5,740 and Rs 5,700, respectively.
Likewise, crude palm oil (ex-kandla) plunged by Rs 210 to Rs 5,050 per quintal.
Palmolein (rbd) and palmolein (kandla) oils too traded lower by Rs 210 and Rs 270 to Rs 5,610 and Rs 5,310 per quintal, respectively.
On the other hand, groundnut mill delivery oil (Gujarat) rose by Rs 150 to Rs 7,650 per quintal on tight supply. |
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Edible oil prices declined in the wholesale oils and oilseeds market during the past week on sluggish demand at existing higher levels and a weakening global trend. However, groundnut oil found some support against tight supply and rose moderately.
Non-edible oils held steady in restricted buying activity from consuming industries against adequate stocks.
Trading sentiments in edible oils turned bearish as palm oil dropped overseas on concerns that a decline in exports from Malaysia may boost stockpiles of cooking oil in the world's second-biggest producer.
Meanwhile palm oil futures slumped 5.4 per cent this week at $1,079 a metric tonne, the lowest price since November 24 on the Malaysian Derivatives Exchange.
Traders said sluggish demand at prevailing higher levels in tandem with a weak trend overseas, mainly pulled down the wholesale edible oil prices.
They added expectations of higher production of oilseeds also put pressure on the edible oil prices. In the edible section, mustard expeller oil (Dadri) shed Rs 370 to Rs 5,500 per quintal on poor local demand.
Mustard pakki and kachi ghani oils traded lower by Rs 10 each to Rs 760-915 and Rs 915-1,015 per tin, respectively.
Cottonseed mill delivery (Haryana) and sesame mill delivery oils declined by Rs 150 and Rs 20 to Rs 5,500 and Rs 6,230 per quintal, respectively. Taking cues from overseas markets, soyabean refined mill delivery (Indore) and soyabean degum (kandla) fell by Rs 370 and Rs 110 to Rs 5,740 and Rs 5,700, respectively.
Likewise, crude palm oil (ex-kandla) plunged by Rs 210 to Rs 5,050 per quintal. Palmolein (rbd) and palmolein (kandla) oils too traded lower by Rs 210 and Rs 270 to Rs 5,610 and Rs 5,310 per quintal, respectively.
On the other hand, groundnut mill delivery oil (Gujarat) rose by Rs 150 to Rs 7,650 per quintal on tight supply.
Grains: Wheat and its product prices fell for second-consecutive week in the wholesale grains market on adequate stocks position following rising arrivals of new crop in the market against reduced offtake.
However, rice basmati and few other bold grains strengthened on increased demand. Traders said comfortable stocks following rising arrivals of new crop in the market and hopes of record output this year, kept the pressure on the wheat prices.
In the national capital, wheat dara, mostly used by flour mills, dropped by Rs 90 to Rs 1,200-1,205, while wheat deshi shed Rs 25 to Rs 1,675-1,825 per quintal. Similarly, chakki atta declined by Rs 90 to Rs 1,190-1195 per 90 kg and atta flour mills shed Rs 10 to Rs 640-660 per 50 kg.
Maida and sooji too remained weak and moved down by Rs 40 and Rs 20 to Rs 740-770 and Rs 800-820 per 50 kg, respectively.
However, in the rice section, rice basmati Pusa-1121 variety strengthened by Rs 100 to Rs 4,200-5,200 per quintal on pick up in retailers demand.
Jowar yellow gained Rs 25 to Rs 1,000-1,075, while its white variety held steady at Rs 1,825-1,875 per quintal. Bajra and maize also strengthened by Rs 10 each to Rs 910-920 and Rs 1,310-1,320 per quintal.
Pulses: Select pulses prices, led by moong, declined in the wholesale market during the week under review on emergence of selling by stockists amid adequate stocks position against restricted buying.
Traders said selling by stockists against sluggish demand at prevailing higher levels mainly led to the fall in select wholesale pulses prices.
Adequate stocks position on increased arrivals from producing regions further fueled the downtrend, they added.
The ban on export of pulses, extended for another year, and the state-run trading firm PEC inviting bids for the import of 10,000 tonnes of pulses for sale in the domestic market were other dampening factors for the market sentiment.
Moong and its dal chilka declined by Rs 100 each to Rs 4,400-5,400 and Rs 5,300-5,700, respectively. Likewise, moong dal dhoya local and best qualities traded lower by the same margin to Rs 5,600-5,800 and Rs 6,200-6,400 per quintal, respectively.
Masoor small and bold shed Rs 50 each to Rs 3,100-3,300 and Rs 3,250-3,500, respectively. Its dal local and best quality too traded lower by Rs 50 to Rs 3,650-3,750 and Rs 3,950-4,250 per quintal.
Malka local and best quality fell by Rs 100 each to Rs 3,500-3,550 and Rs 3,650-3,750 per quintal, respectively.
In line with a general weakening trend, moth prices moved down by Rs 100 to Rs 2,300-2,600, while arhar and its dal dara variety lost Rs 100 each to Rs 3,450-3,950 and Rs 5,000-5,400 per quintal, respectively.
Gram and its dal local and best quality shed Rs 100 each to Rs 2,450-2,475, Rs 2,725-2,740 and Rs 2,825-2,925 per quintal, respectively. |
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Madhya Pradesh Stock Exchange Limited (MPSEL) incorporated in 1919 as an association of persons and is in the 90th year of its operation. MPSEL is one of the 8 permanently recognized Stock Exchanges in the country. MPSEL under Corporatization and Demutualization Scheme 2005 was converted into a limited company and was Demutualized, with strategic shareholders taking up 51% stake. MPSEL has 185 Trading Members and 315 listed companies. MPSEL is in process of reviving its Trading Platform for its Trading Members and Listed Companies in association with other regional stock exchanges. MPSEL follows and adheres to all the Corporate Governance Standards as specified by SEBI / RBI and other regulatory authorities from time to time and is committed to ensure establishment of a free and fair Corporate Governance mechanism. Governing Board of MPSEL consists of professional and experienced persons from diversified sectors of economy. Madhya Pradesh Stock Exchange Limited in its endeavor to fulfill the obligations and responsibilities towards creating investors awareness, financial literacy amongst the investors, general public, self employed professionals has promoted MPSE Institute of Knowledge Management (MIKM), an Institute for imparting training on various aspects of the capitalmarket.>/p> MPSEL has a wholly-owned subsidiary, MPSE Securities Limited (MPSESL), which has taken up corporate membership of the National Stock Exchange of India Ltd. (NSE) in both the Capital Market and Futures & Options segments and The Stock Exchange, Mumbai (BSE) in the Equity segment.
Milestones of MPSE
Incorporation as Association of Person in the year 1919.
Was recognized as regional stock exchange in the year 1957.
Ministry of Finance granted permanent recognition in the year1988.
MPSEL records highest turnover in the year 1992.
MPSEL was Corporatized into a limited company in the year 2006.
MPSEL was Demutualized in the August 2007 at a premium of Rs. 30/- per share.
Strategic Investors have taken up 51% stake at the Exchange.
Constitution of Governing Board comprising eminent persons across diversifying sectors.
Auction of two trading membership rights at record price of Rs. 3.81 lacs and Rs. 3.51 lacs.
Appointment of Executive Director, Ms. Shruti Jain in May 2009.
Agreement under section 13 with NSE, April 10, 2010.
Contact MPSEL
Ms. Shruti Jain
Executive Director
Madhya Pradesh Stock Exchange Ltd, 201, 'Palika Plaza', Phase-II, M.T.H. Compound, INDORE - (MP) 452 001
Phone: 0731- 4008220-21-22 Fax: 0731-2432849
Email :
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