SOYA OIL : -International markets showed strength for yet another session and steady business volumes was reported from the retail markets. Lack of import demand for Malaysian palm from the consuming nations has been putting constant pressure in domestic palm oil market, and its impact is also observed in soya oil, as both have strong positive correlation with each other.
SOYA-BEAN :-India’s soy meal prices are unable to support the domestic bean market in current term. This is because competitive meal price in South America has resulted in demand shift from Indian meal. Subdued demand for oil meal had been constantly putting pressure on the entire edible oil seed complex since past few weeks
Mentha Oil continued to trade with high volatility as profit booking at the higher levels limited the up-trend. But with demand rising and expected to rise further in coming weeks, prices are likely to find strong support here. Sources indicate rates have fallen to very low levels over last few weeks and further fall may be limited as demand starts rising on the domestic and export front in coming weeks.
Rmseed : – China’s National Grain and Oils Information Centre (CNGOIC) data on the other hand showed that as of July 10, total purchased volume by major enterprises in the 9 rapeseed-producing provinces were merely 620,000 tons. This volume is significantly lower than the 1.56 million tons in the previous year. On the global front, China’s National Statistics Bureau (NSB) estimated MY15/16 domes
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