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Commodity Prices & Futures Trading India

3rd Oct . 08

Soybean meal -US$ 325-335
The downward movement is mainly due to drop in Cbot soybean meal futures due to fears of global economic slowdown. Also this year the soybean production is higher compared to last year.

Niger Seed - 935-975
The prices were once again down because of new crop and depriciation of rupee.


Sunflower - US$ 640-670
The seed prices remained on same level. The exp variety sunflower oil was at usd 1235-1245 and exp ref at usd 1335-1345 in mumbai wholesale market.

Safflower - US$ 720-750
The prices of safflower seed remained on the same level. The safflower oil was available in mumbai market for usd 1910-1920 pmt.

Palm oil - The crude palm oil at Kandla dropped down by usd 50 to 705-715 as International market of palm oil went down while at mumbai and kakinada rbd palmolien was available for US$ 855-865

30th Sept.

Black Pepper - US$ 3100-3150
Though the prices in local market are on upswing due to festival season and limited supply, the depriciating rupee nullified the effect on export front. The Dec futures is at usd 130 more than the present market rate.

Cumin Seed - US$ 2450-2525
The prices in local market are up due to good festival demand but strong dollar is keeping cumin low for export. The Oct, nov and jan futures all are quoted usd 60-105 below the spot prices.

  Updated Prices: Niger seed
Castor Meal
Sesame Seed
 

 

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