Congencis (09/07/2020)NEW DELHI – Following are the highlights of trading in edible oil markets today:

* At 1824 IST

   –August soybean contract was up 0.2% at 3,760.0 rupees per 100 kg on NCDEX

   –August refined soyoil contract was up 0.4% at 822.0 rupees per 10 kg on NCDEX

   –July crude palm oil contract was up 0.6% at 676.2 rupees per 10 kg on MCX

   –August mustard contract was down 1.2% at 4,691.0 rupees per 100 kg on NCDEX
 

* Mustard contracts on National Commodity and Derivatives Exchange fell today, tracking a persistent decline in spot markets and offloading by National Agricultural Cooperative Marketing Federation of India in open markets, said analysts. In Jaipur, the benchmark market, prices fell by 10 rupees to 4,920-4,925 rupees per 100 kg today.

> Profit booking after a recent sharp rise in prices also weighed on the contracts, and the downside is likely to continue in the near term, they said. 

* Soybean and refined soyoil contracts on NCDEX and crude palm oil contracts on the Multi Commodity Exchange of India rose today due to improved domestic demand from bulk buyers after easing of lockdown norms, analysts said. Demand has risen from the hotel, restaurant, and catering sector.

> Crude palm oil contracts on the Bursa Malaysia Derivatives settled marginally lower due to profit booking after a recent bull run. The most-active September contract on BMD closed 3 ringgits lower at 2,404 ringitts (around 42,311 rupees) per tn. 

> All components of the edible oil basket on the domestic bourses are seen trading on a bearish trend in the near-term due to projection of a higher imports into the country in July, said a Mumbai-based analyst. 

Read more at http://www.cogencis.com/newssection/india-edible-oil-soy-complex-up-mustard-falls-on-spot-market-cues/