Cogencis (05/11/2020) - NEW DELHI – Futures contracts of all components of the edible oil basket, barring mustard, rose on domestic exchanges today.

 * After hitting a record high of 6,348 rupees per 100 kg, the most active November contract of MUSTARD ended a tad lower on National Commodity and Derivatives Exchange today due to sluggish demand at higher prices, traders said.

 * Prices have been hitting record highs for six consecutive sessions owing to robust demand from crushing plants amid reports of lower stocks in wholesale markets, they said.

 * Futures contracts of SOYBEAN ended higher on the NCDEX due to a recovery in demand from the soymeal sector, analysts said.

 * Contracts of refined SOYOIL on NCDEX and CRUDE PALM OIL futures on Multi Commodity Exchange of India edged higher due to firm demand in the retail segment ahead of Diwali, a Mumbai-based analyst said. 

 * Gains in bellwether crude palm oil contracts on the Bursa Malaysia Derivatives also lent support to prices on the MCX, analysts said.  

 * Crude palm oil futures on the BMD closed higher following reports of a slowdown in production in Malaysia, the world's second-largest producer, analysts said.

 Following are the highlights of trade in edible oil markets today:

 * At 1742 IST

–December contract of soybean up 1.7% at 4,355.0 rupees per 100 kg on NCDEX

–November contract of refined soyoil was up 1.3% at 996.2 rupees per 10 kg on NCDEX

–November contract of crude palm oil was up 1.9% at 869.0 rupees per 10 kg on MCX

–November contract of mustard was down 0.2% at 6,231.0 rupees per 100 kg on NCDEX

 End

 IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

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