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Oil & Oilseed Report 07th February 2014
 
In the domestic market, soybean futures ended a shade lower on profit taking while soy oil prices remained supported on the  back of lower crushing and cues from international market. Expectations of a drop in palm oil stocks in Malaysia, for the first  time in seven months supported oil prices to rally. As the domestic season is nearing the end;
 
Indian markets will generally  follow the international market trend.
 
Mustard prices have remained in downward trend since a long time now in anticipation of  a bumper crop and slack demand.
 
We expect the crop this year to be about 66-68 lakh tons, about 4 -6 lakh tons higher than last year.
 
We expect positive bias for the day. 
 
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