 "Commodity Picks: 13 April, 2020")
Crude palm oil
Crude palm oil (CPO) price at the Kandla market is at Rs 665 per 10 kilograms (kg). For the week ahead, prices are expected to head towards Rs 680 per 10 kg. Demand is good across the house hold segment. However, supply is insufficient due to low stocks in domestic pipeline and slow-down in harvest at major producing nations on the back of Covid-19 pandemic.
Soy meal
Soy meal is trading at Rs 32,700 per tonne at the benchmark Indore market. Prices for the week ahead are expected to head towards Rs 33,300 per tonne. Slow down in crushing operations due to low availability of seeds amid closure of mandis is creating acute supply tightness in soy meal.
Prerana Desai, Research Head - Edelweiss Agri Services and Credit
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%