Malaysia's Crude Plam Oil exports to India rises 84.53%| MCX NCDEX Tips Today

India meets 70 per cent of edible oil demand in the country through imports. Malaysia's CPO exports to India reached 327,627 mt in March from 177,541 mt in February. 

The big palm oil refiners in India has recently found themselves in trouble as imported crude and refined palm oils from Malaysia and Indonesia are available at the same price in India. 

MCX Crude Palm Oil is trading at 555.3 with 4.6 percent loss. SELL @560, Target = 556.5.

Modest gains in MCX Gold, MCX CrudeOil and Metals fall

Record stores in the US has increased pressure on crude prices. NYMEX crude prices at $ 38, While Brent crude prices are below $40. MCX Crude oil fell 1 percent to Rs 2,525. while natural gas is trading at Rs 132.4 with osteoporosis of 0.3 percent.

Modest gains in MCX Gold:

Gold prices fell by 0.07 percent on the Comex under $ 1230 is reached. While silver is at $15, with a slight decline. With a gain of 0.15 percent on MCX gold is trading at Rs 28450. while silver is at Rs 36400 with a gain of 0.2 percent. 

Lethargy in base metals:

Base metals slowdown trend is being witnessed. Copper fell 0.4 percent to trade at Rs 320. While lead is at Rs 114 with fall of 0.1 percent. While zinc fell 0.3 percent. 

Agri commodities weakness:

Agri commodities cotton oilcake trick is weak, while cumin is also dropped. NCDEX cotton oilcake with a weak 0.4 percent and trading at Rs 2240. NCDEX jeera is Down 0.7 percent to trade at Rs 15,400.

Drop In CrudeOil Continued for Third Day ; MCX NCDEX Tips

The Drop in CrudeOil Continued for the Third day. where as MCX Gold and MCX Silver is also fall.

Because of excess supply over demand, crude oil prices are under pressure. The Nymex and Brent crude oil is falling. Nymex crude oil fell by 1.81 percent is above 37 dollars a barrel. The price on Brent fell 0.74 percent to $37.33 a barrel, are traded. The impact of the decline in foreign exchange may be also seen on the domestic market and commodity exchange MCX crudeoil has been started with RED.

Gold at $ 1070 per ounce:

Gold remains subdued for the third consecutive day. The Comaks $ 1070 per ounce gold remains close. For the third consecutive year that gold will decline,while nearly 10 per cent annual decline. Silver also remains sluggish and it remains under $14. MCX Gold is at 25,182.00 with 52.00(+0.21%) points up trends. 

Agri Commodities at Drop : 

Castor seed NCDEX Agri commodities declined by 0.75 percent to Rs 3,780 is trading down. Also coriander 4 per cent to Rs 8110 has arrived. Gram also declined. With 0.6 per cent on MCX Aluminium has come down to Rs 100, while lead has weakened 0.25 percent and its price has fallen to Rs 114.7.

 

MCX NCDEX Calls Today :

Buy Soybean Jan above 3740 TGT 3790 SL 3709

SELL CRUDE OIL AT CMP-2480 SL 2517 TGT 2420