14/12/2011 (India Infoline) - Domestic Oilseeds complex swelled sharply on strong buying tracking the firm global cues. The Malaysian CPO futures swelled on release of the bullish data by MPOB. The CBOT Soya Complex ended the gains in the electronic trading sessions. As per latest release from Malaysian Palm Oil Board (MPOB), crude palm oil (CPO) stocks in November declined by 3.3 % to 1.23 million tonnes while processed palm oil went up by 1.21 % to 841,698 tonnes.

MPOB stated that the CPO output in September slipped by 14.76 % month-on-month to 1.626 million tonnes from 1.908 million tonnes in October. While palm oil exports in November decreased by 9.94 % to 1.66 million tonnes compared with 1.84 million tonnes in October. The BMD CPO futures for the February Delivery ended the last day up by MYR 4 at MYR 3002 after hitting the high of MYR 3023 per tonne. The e-CBOT January Soya Oil contract is currently trading up at 49.38, up 0.06 cents per pound.

The NCDEX RSO for the January contract ended the day up by Rs. 14.05 or 2.16% at Rs. 665 per 10 kg and the open interest added 17.11% to 158400 tonnes, indicating fresh buying.