Daily

Daily Metal & Agro Buzz:


HIGHLIGHTS:

Indonesia’s palm production in June is forecast to fall from a month earlier, while exports will be flat, according to a Reuter’s survey of industry groups and researchers. Palm oil production in Indonesia, the world’s top producer, likely edged lower to 4.54 million tons in June from 4.6 million tons in May, according to a survey of two palm oil industry groups and a state palm oil research firm. Exports of palm oil, used in various products from food to cleaning products, were estimated at 2.80 million tons in June, the same as in May, while domestic consumption was seen rising to 1.6 million tons last month from 1.5 million tons in May. At the end of June, domestic stockpiles of palm oil are estimated at 2.95 million tonnes, the highest level this year, according to the survey. Data from Indonesia’s largest palm oil association GAPKI showed palm oil stockpiles at the end of May were at 3.53 million tons. GAPKI’s June data is not yet available.

Tags: Technical


Search Reports

SEARCH

Open an account

OPEN AN ACCOUNT

Reports

Daily Market Update...

Nifty opened higher but was...

Read More

Daily Market Update...

Nifty opened lower but...

Read More

Daily Market Update...

Nifty opened higher but were...

Read More

Daily Market Update...

Nifty opened higher but were...

Read More

Daily Market Update...

Nifty opened lower and...

Read More

WHIRLPOOL

SHORT TERM TRADING CALL: BUY...

Read More

ICICI Bank Ltd....

ICICI Bank’s...

Read More

JINDAL STEEL AND POWER

SHORT TERM TRADING CALL: BUY...

Read More

MCX Limited Initiating...

MCX Ltd. is India’s...

Read More

APOLLOHOSP

SHORT TERM TRADING CALL: BUY...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: This document has been prepared by Arihant Capital Markets Limited (hereinafter called as Arihant) and its subsidiaries and associated companies. This document does not constitute an offer or solicitation for the purchase and sale of any financial instrument by Arihant. This document has been prepared and issued on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. Arihant Capital Markets Ltd (including its affiliates) or its officers, directors, personnel and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time, have positions in, and buy or sell or (b) be engaged in any other transaction and earn brokerage or other compensation in the financial instruments/products discussed herein or act as advisor or lender/borrower in respect of such securities/financial instruments/products or have other potential conflict of interest with respect to any recommendation and related information and opinions.