Cogencis (24/04/2019) - NEW DELHI – Futures contracts of most edible oils, barring crude palm oil, rose on domestic exchanges today.

Crude palm oil contracts on the Multi Commodity Exchange of India edged lower today due to huge stocks and upbeat imports. However, the fall in prices was limited due to strength in key contracts on the Bursa Malaysia Derivatives, analysts said.

Futures contracts of crude palm oil on the Malaysian bourse ended a tad higher today due to a weak ringgit against the dollar, analysts said. A weak ringgit makes the commodity cheaper for buyers holding other currencies. 

However, concerns over tepid demand and high inventory in Malaysia limited the gains. Investors now await Malaysian Palm Oil Board's data on palm exports for Apr 1-25, to be released Thursday. 

The most-active July crude palm oil contract on the Malaysian bourse ended 3 ringgits higher at 2,173 ringgits (36,778.96 rupees) per tn. 

Soybean and mustard contracts on the National Commodity & Derivatives Exchange rose due to improved demand in physical markets from crushing plants, analysts said.

Gains in key contracts on Chicago Board of Trade also propped up domestic soybean prices, analysts said. Futures on the Chicago bourse rose due to bargain buying today, traders said.

Refined soyoil futures on the NCDEX ticked higher due to strong demand ahead of Ramzan, analysts said. 

The following table details the prices of edible oils and oilseeds at 1930 IST, in rupees, and the difference compared with the previous session:

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