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CPO at Kandla rose from Rs 5,850 to Rs 6,000 per quintal on January 6 as palm oil shortages in Malaysia and Indonesia and a rally in soyoil futures in Kuala Lumpur and Chicago lifted prices by $30 to $830 per tonne. Soybean and mustard arrivals also fell, supporting prices.
Tighter palm oil supply and a soyoil rally raise the cost of vegetable oils used in feed. Higher oil prices also support the value of soybean crushing economics.
mandibhav.comJan 6, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
