24/12/2011 (MoneyControl.com) - Nirmal Bang has come out with its report on Oilseeds. According to the research firm CPO is expected to trade higher today.

Soy oil ended lower by 0.21%. Palm oil ended higher by 0.51%. RM seed ended lower by 1.40% Oilseeds and soy oil futures fell on Thursday due to profit-taking driven by higher arrivals and a weak spot market that mirrored the trend in the U.S. soy market that declined on improving weather prospects in South America. In the Indore spot market, soy oil edged down 1.55 rupees to 676.15 rupees per 10 kg, while soybean fell 23 rupees to 2,381 rupees per 100 kg. At Sri Ganganagar in Rajasthan, rapeseed fell 8 rupees to 3,325 rupees per 100 kg.

Indonesia, the world's top palm oil producer, has kept its export tax for crude palm oil at 15 percent for January, unchanged from the previous month, an industry ministry official said on Thursday. Outlook for Soybean is seen up for the day. CPO is expected to trade higher.