30th Jan 10 (Indicative Prices)
Palm Oil Malaysia
The crude palm oil futures on Bursa, Malaysian exchange, for mar, apr and may traded downwards this week compared to last week's closing due to huge stocks and good soybean crop prospects in American continent. The feb futures closed this week at approx. USD 717.8, march and april contracts at US$ 716.4 and May at US$ 715.2.
Palm Oil International prices:
RBD Palmolien - US$ 750 pmt fob Malaysia - drop of around 2.6% (USD 20)
Crude Palm Oil - US$ 730 pmt fob Indonesia - remained at same level
Soybean Oil India
The ref soybean oil futures in Indian market dropped by more than 2% this week due to expectation of good crop in South America. Cbot soybean contracts drop in the region of 3.5-4% this week. Usually, Indian soybean moves in tandem with cbot contracts. The feb contracts were approx. trading at USD 966 per ton while march and april at US$ 971 and 974.3 respectively.
Ref Soya Oil was trading at around USD 930-970 in major wholesale markets of it.
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