Published on 6/12/2019 10:38:18 AM | Source: Kedia Commodity Ltd

CPO trading range for the day is 683.4-703.4 - Kedia Commodity

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

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* Soyabean trading range for the day is 4089-4165.

* Soyabean prices dropped as millers buying remained muted in the absence of any significant export demand for soymeal. 

* However, lower soybean crop projection for the current year checked prices to decline.

* India's 2019-20 soybean output is seen nearly 18% down at 89.9 lakh ton as against 109.3 lakh tons last year

* At the Indore spot market in top producer MP, soybean dropped  -10 Rupees to 4081 Rupees per 100 kgs.



* Rmseed trading range for the day is 4363-4461.

* Mustard seed prices gained as support seen after revival of fresh buying by millers in physical to meet the likely demand of mustard oil.

* India's Nov-Aug rapeseed oil imports slipped to 59,171 tons from 2.29 lakh tons a year ago due to higher prices in the global markets.

* NAFED had procured around 1.08 million tonnes mustard seed harvested in 2018-19 (Jul-Jun) under a price-support scheme.

* In Alwar spot market in Rajasthan the prices dropped -25.75 Rupees to end at 4540 Rupees per 100 kg.



* Ref.Soya oil trading range for the day is 822-846.

* Ref.Soyaoil prices gained on increased buying tracking firm trend in soybean prices.

* India’s oil year 2018-19 (Nov-Oct) edible oil imports rose 2.73 percent y-o-y to 14.91 MMT from 14.52 MMT in oil year 2017-18.

* Export of soymeal from India during April-October of the current fiscal slipped 31% to 3.89 lakh due to higher prices of bean

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 829.4 Rupees per 10 kgs.



* CPO trading range for the day is 683.4-703.4.

* Crude palm oil prices gained boosted by expectations of tightening supplies and strong demand led by biodiesel consumption.

* Total palm oil production in Indonesia and Malaysia is expected be flat next year, due to dry weather and low fertiliser application.

* According to Indonesia trade ministry, Indonesia kept Dec crude palm oil export duty unchanged at zero.

* Crude palm oil prices in the spot market gained by 2.30 rupees and settled at 689.30 rupees.


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