As prices of seed is retreating towards seasonal low level Rs 3700 to Rs 3800 per qtl, fresh demand from oil is expected by Feb end this year.FOB quote at Kandla may touch At $1350 per tonne soon.It is ruling $1475/80 per tonne right now.Importers of oil are aware that crop size is lower this year and market may start firming up earlier than expectation.This may encourage overseas buyers to start buying early.
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