India soybean oil imports climbed 99.39% in September after local demand of edible oils rose due to lack of domestic crushing, data release from the Solvent Extractors Association (SEA) of India showed.
India's soyoil imports surged to 321,062 tons in September compared to 161,016 tons for the same period a year ago, data released by the SEA of India showed. India is being used as a dumping ground for excessive supply of edible oils in the world market.
Trading Ideas:
Ref.Soya oil trading range for the day is 629-647.
Ref soyoil prices ended with losses tracking weakness in spot demand amid profit booking.
However downside seen limited after USDA in its WASDE report trimmed Indian soyoil production by 5.5%.
India soybean oil imports climbed 99.39% in September after local demand of edible oils rose due to lack of domestic crushing.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 638.9 rupees per 10 kgs.
For More Information : Bullion Tips, McxTrading Tips, Mcx Tips, Commodity Market Tips,Bullion Trading Tips,mcx market tips,Mcx Trading Tips,commodity tips,Commodity market tips
Trading Ideas:
Ref.Soya oil trading range for the day is 629-647.
Ref soyoil prices ended with losses tracking weakness in spot demand amid profit booking.
However downside seen limited after USDA in its WASDE report trimmed Indian soyoil production by 5.5%.
India soybean oil imports climbed 99.39% in September after local demand of edible oils rose due to lack of domestic crushing.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 638.9 rupees per 10 kgs.
For More Information : Bullion Tips, McxTrading Tips, Mcx Tips, Commodity Market Tips,Bullion Trading Tips,mcx market tips,Mcx Trading Tips,commodity tips,Commodity market tips
India is being used as a dumping ground for excessive supply of edible oils in the world market. Ref. Soya oil is one of the largest trading segments in India and investors used NCDEX and Commodity Tips for improvement in trading.
ReplyDeleteSELL CHANA NOV BELOW 5340 TG 5325, 5305, 5275 SL 5365,
ReplyDeleteWe provide tips in all commodity mcx bullion tips, mcx ncdex tips, Agri commodity tips,commodity tips, base metal tips and HNI gold calls
Subscribe our Commodity Tips Services and Stay on top of the Indian Commodities Market with us.Get Accurate Commodity Tips, Commodity Market Tips, Mcx Trading Tips, Gold Silver Tips, Precious Metal tips, Free Mcx Tips & Earn More Profit.
ReplyDeletemcx tips