Crude Palm Oil Dropped Due To Weaker International Prices

CPO trading range for the day is 559.1-568.9.

Crude palm oil dropped due to weaker international prices and higher imports and forecasts of rising production.

Palm oil production forecast to rise in the last quarter of the year in line with the seasonal trend.

Global palm oil output will climb by nearly 2.5 million tonnes in 2019, although growth will slow in top producer Indonesia.

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Turmeric Dropped On Profit Booking After Prices Gained Amid Strong Demand

Turmeric trading range for the day is 6540-6736.

Turmeric dropped on profit booking after prices gained amid strong demand in the physical market and lower arrivals.

Moreover, this season exports are likely to be higher for the best quality produce.

NCDEX accredited warehouses turmeric stocks gained by 179 tonnes to 2861 tonnes.

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Mustard Seed Prices Ended With Gains On Expectation Of Improved Export Demand

Rmseed trading range for the day is 4201-4261.

Mustard seed prices ended with gains on expectation of improved export demand for meal.

Meantime, NAFED sold nearly 67,600 tons of mustard seeds in various producing centres and still carrying a stock of around 825,000 tons.

NCDEX accredited warehouses mustard seed stocks gained by 202 tonnes to 20578 tonnes.

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