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Published on 16/07/2019 11:06:54 AM | Source: Kedia Commodity Ltd

CPO trading range for the day is 493.7-505.3 - Kedia Commodities

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

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Soyabean

Soyabean trading range for the day is 3605-3721.

Soyabean dropped on profit booking after prices gained after update that India may receive below-average rainfall in the next two weeks

Government hike minimum support price by 9% or 311 rupees to 3,710 per 100 kg for 2019/20.

China's soybean imports fell 25% in June from the same month last year, according to customs data.

At the Indore spot market in top producer MP, soybean gained 64 Rupees to 3706 Rupees per 100 kgs.

 

RMSeed

Rmseed trading range for the day is 3918-3980.

Mustard seed prices gained supported by diminishing supplies in physical market and steady demand from millers.

Prices also seen supported on hopes of meal demand from China as it refused shipment from Canada.

Nil import of rapeseed oil for the third month in a row in May helped the mustard seeds prices to increase due to demand from crushing units.

In Alwar spot market in Rajasthan the prices gained 45.05 Rupees to end at 4121.55 Rupees per 100 kg.

 

Soyaoil

Ref.Soya oil trading range for the day is 728-738.

Ref soyoil ended with gains tracking rise in soyabean prices on increased buying due to concerns related to monsoon.

According to recent Ministry report, India has covered total oil seeds kharif sowing area as on 12thJuly 2019 about 75.68 lakh Ha.

India's oilmeal exports dropped 56% in June from a year ago to 114,972 tonnes as shipments of soymeal and rapeseed plunged

At the Indore spot market in Madhya Pradesh, soyoil was steady at 739.85 Rupees per 10 kgs.

 

CPO

CPO trading range for the day is 493.7-505.3.

Crude palm oil dropped amid profit booking tracking weakness in spot demand and overseas prices.

Indonesia exported 2.03 million tonnes of palm and palm kernel oils in the month of April and 2.40 million tonnes in May, GAPKI said.

Malaysian stockpiles at end-June eased 0.97% on-month to 2.42 million tonne, against forecast of a 4% decline to 2.35 million tonnes.

Crude palm oil prices in spot market gained by 2.30 rupees and settled at 491.30 rupees.

 

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