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Commodity Picks: 13 April, 2020

For the week ahead, the palm oil prices are expected to head towards Rs 680 per 10 kg

Palm oil, edible
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Demand for crude palm oil is good across the house hold segment | Representative image

Prerana Desai Mumbai
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