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Published on 11/12/2019 9:48:13 AM | Source: Kedia Commodity Ltd

CPO trading range for the day is 714.9-735.7 - Kedia Commodity

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

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Soyabean

* Soyabean trading range for the day is 4121-4261.

* Soyabean prices gained tracking firmness in overseas prices after China said last week it would waive import tariffs for some soybeans from the United States.

* India may get lower Soybean crop of this season and expect total 12.15 million tonnes lower by 12% against last year record on account of heavy rains

* Rainfall have damaged the soybean crop mainly in MP state when the crop was at flowering to pod formation.

* At the Indore spot market in top producer MP, soybean gained  2 Rupees to 4171 Rupees per 100 kgs.

 

RMSeed

* Rmseed trading range for the day is 4388-4450.

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

* Mustard seed crushing by mills in India jumped 22.2% on year to 550,000 tn in November

* Currently, high moisture level in the soil due to prolonged rains in most part of India is likely to delay sowing of Mustard.

* In Alwar spot market in Rajasthan the prices dropped -7 Rupees to end at 4643 Rupees per 100 kg.

 

Soyaoil

* Ref.Soya oil trading range for the day is 849-869.

* Ref soyoil dropped on profit booking after prices gained amid hopes of robust demand in physical market for marriage season.

* Further sufficient stocks in domestic market and weak demand in physical limited the upside.

* 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 857.7 Rupees per 10 kgs.

 

Crude Palm Oil

* CPO trading range for the day is 714.9-735.7.

* Crude palm oil dropped on profit booking after prices gained tracking firmness in Malaysian palm oil prices on fears that supply is set to fall sharply.

* According to reports, Malaysian palm oil production would show a 10% monthly fall in November.

* 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 13.30 rupees and settled at 717.30 rupees.

 

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