MARKET DEVELOPMENT
Indian Soybean, Soyoil Lower on Weak Global Markets
Indian Soybean, Soyoil Lower on Weak Global Markets
13/01/2016 (Reuters) - Indian soybean and soyoil edged lower tracking weak international markets, while rapeseed gained on buying.
* Malaysian palm oil futures fell on Tuesday as global crude oil prices tumbled to 12-year lows this week, with declining production data from a government body doing little to boost market sentiment.
* The February soybean contract on the National Commodity & Derivatives Exchange slipped 0.05 percent to 3,720 rupees ($55.64) per 100 kg.
* The key April rapeseed futures rose 0.76 percent to 4,126 rupees per 100 kg.
* February soyoil futures were down 0.52 percent to 592.15 rupees per 10 kg at 1303 GMT.
SUGAR
* The most active March sugar contract was 0.03 percent lower at 3,178 rupees per 100 kg.
CORN, WHEAT
* February corn futures gained 0.27 percent to close at 1,492 rupees per 100 kg, while the February wheat contract dropped 0.83 percent to close at 1,675 rupees per 100 kg. ($1 = 66.8629 rupees)
* Malaysian palm oil futures fell on Tuesday as global crude oil prices tumbled to 12-year lows this week, with declining production data from a government body doing little to boost market sentiment.
* The February soybean contract on the National Commodity & Derivatives Exchange slipped 0.05 percent to 3,720 rupees ($55.64) per 100 kg.
* The key April rapeseed futures rose 0.76 percent to 4,126 rupees per 100 kg.
* February soyoil futures were down 0.52 percent to 592.15 rupees per 10 kg at 1303 GMT.
SUGAR
* The most active March sugar contract was 0.03 percent lower at 3,178 rupees per 100 kg.
CORN, WHEAT
* February corn futures gained 0.27 percent to close at 1,492 rupees per 100 kg, while the February wheat contract dropped 0.83 percent to close at 1,675 rupees per 100 kg. ($1 = 66.8629 rupees)