The Sindh cotton market was also firm yesterday -17/9/2014. In the Upper Sindh, Cotton price as well as Seed cotton (Phutty) was not available.. In Lower Sindh, cotton (New Crop 2014-15) was traded at Rs.5500 -5600 per maund and Seed cotton (phutty) New Crop 2014-15 at Rs.2475- 2550 per maund.
Yesterday – 17/9/2014: The Punjab Cotton market was firm. Cotton (New Crop 2014-15) was traded between the ranges of Rs.5600-5700 per maund and Seed cotton (phutty) new Crop 2014-15 @Rs.2300 – 2550 per maund.
International Cotton Market Outlook – 10:50 AM – September 18, 2014
Malaysian AM Cash Market Prices for Palm Oil – September 18 – 11:40 AM – September 18, 2014
The following are prices for Malaysian palm oil in the cash market at 0430 GMT Thursday, supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
BMD CPO Eyed Higher; To Test MYR2,176/Ton Resistance – 11:20 AM – September 18, 2014
BMD CPO is likely to open higher as prices extend its winning streak on strong buying and firmer soyoil prices; prices are likely to test the immediate resistance of MYR2,176/ton, which is also the 50-day simple moving average, says AmBank. “Holding above the (seven-day SMA) MYR2,071/ton is critical to maintain its upside momentum,” adds the house. Palm oil prices have rebounded this week from five-year lows after Malaysia waived an export tax for shipments in September and October, boosting export volumes. “I think the market has already seen the bottom,” says a Singapore-based dealer who adds most negative factors have already been priced in. Benchmark December BMD CPO ended 1% higher at MYR2,140 a ton Wednesday.
CBOT Edible Oil Market Report – 11:15 AM – September 18, 2014