AGL 38.30 Increased By ▲ 0.08 (0.21%)
AIRLINK 132.40 Increased By ▲ 3.43 (2.66%)
BOP 8.59 Increased By ▲ 0.74 (9.43%)
CNERGY 4.73 Increased By ▲ 0.07 (1.5%)
DCL 8.47 Increased By ▲ 0.15 (1.8%)
DFML 38.69 Decreased By ▼ -0.25 (-0.64%)
DGKC 84.20 Increased By ▲ 2.26 (2.76%)
FCCL 34.59 Increased By ▲ 1.17 (3.5%)
FFBL 76.49 Increased By ▲ 0.78 (1.03%)
FFL 12.81 Decreased By ▼ -0.01 (-0.08%)
HUBC 110.11 Decreased By ▼ -0.25 (-0.23%)
HUMNL 14.30 Increased By ▲ 0.29 (2.07%)
KEL 5.36 Increased By ▲ 0.21 (4.08%)
KOSM 7.72 Increased By ▲ 0.05 (0.65%)
MLCF 40.68 Increased By ▲ 0.88 (2.21%)
NBP 70.15 Decreased By ▼ -2.17 (-3%)
OGDC 190.60 Increased By ▲ 2.31 (1.23%)
PAEL 26.01 Increased By ▲ 0.38 (1.48%)
PIBTL 7.46 Increased By ▲ 0.09 (1.22%)
PPL 155.99 Increased By ▲ 3.32 (2.17%)
PRL 25.90 Increased By ▲ 0.51 (2.01%)
PTC 19.12 Increased By ▲ 1.42 (8.02%)
SEARL 82.50 Increased By ▲ 0.08 (0.1%)
TELE 7.80 Increased By ▲ 0.21 (2.77%)
TOMCL 32.83 Increased By ▲ 0.26 (0.8%)
TPLP 8.39 Decreased By ▼ -0.03 (-0.36%)
TREET 17.26 Increased By ▲ 0.48 (2.86%)
TRG 56.25 Increased By ▲ 0.21 (0.37%)
UNITY 28.85 Increased By ▲ 0.07 (0.24%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 10,697 Increased By 38.8 (0.36%)
BR30 31,752 Increased By 420.7 (1.34%)
KSE100 99,560 Increased By 290.9 (0.29%)
KSE30 30,991 Decreased By -41.4 (-0.13%)

Indian soyoil futures fell on Friday in line with world markets, while sugar extended a drop on abundant supplies. By 0920 GMT, June soyoil futures on the National Commodity and Derivatives Exchange (NCDEX) was down 1.75 rupees at 484.80 rupees per 10 kg, with July futures also easing by the same margin to 491.15.
An analyst at a Mumbai-based brokerage said Indian soyoil futures fell in line with the Malaysian market where palm oil dipped as traders booked profit. Prices of palm and soy oils usually move in tandem as both commodities are used in products ranging from candies and lipsticks to fuel.
India, one of the world's top vegetable oil importers, buys palm oil from Malaysia and Indonesia and soyoil from Brazil and Argentina. The analyst said sugar fell on forecasts of a bumper output in the year to September 2007.
June sugar futures on the NCDEX were down 34 rupees at 1,272 per 100 kg, while July futures fell 32 rupees to 1,312. India consumes more than 18 million tonnes sugar annually and is likely to churn out a record 26 million tonnes in the year to September 2007, up from 19.3 million tonne last year.

Copyright Reuters, 2007

Comments

Comments are closed.