0751 GMT [Dow Jones] India April NCDEX soybean futures little changed at INR2,060/100 kgs; off intraday high of INR2,073 on news that Vietnam rejects 12,000 metric tons cargo of Indian soymeal citing low quality; soyoil down 0.5% at INR451.40/10 kgs. "It may further damp sentiment as export demand for soymeal is already low," says Indore-based trader; adds that high soybean stocks to also weigh in near-term. India February soymeal exports down 42.6% on year at 218,748 metric tons. Trader expects soybean in INR2,040-INR2,080 range, soyoil in INR448-INR454 band.
(ravi.bhushan@dowjones.com)
Contact us in Singapore. 65 64154 140;
MarketTalk@dowjones.com
No comments:
Post a Comment