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Published on 19/11/2019 10:20:36 AM | Source: Kedia Commodity Ltd

Rmseed trading range for the day is 4216-4286 - Kedia Commodities

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

Soyabean

* Soyabean trading range for the day is 3905-3999.

* Soyabean ended with losses on higher supplies in the physical market.

* Daily arrivals have started improving and total supplies across the country stood at 8.15 lakh bags.

* In physical millers buying was weak in the absence of fresh demand of soymeal for exports

* At the Indore spot market in top producer MP, soybean gained  15 Rupees to 3995 Rupees per 100 kgs.

 

RM Seed

* Rmseed trading range for the day is 4216-4286.

* Mustard seed settled down on profit booking due to expectations of higher sowing in the ensuing rabi season.

* 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 gained 12.85 Rupees to end at 4437 Rupees per 100 kg.

 

Soya Oil

* Ref.Soya oil trading range for the day is 786-800.

* 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 also weighed on prices.

* 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 784.45 Rupees per 10 kgs.

 

CPO

* CPO trading range for the day is 630.7-649.1.

* Crude palm oil ended with losses on profit booking after prices gained as the Malaysia’s output in October unexpectedly dropped.

* The Malaysian Palm Oil Board announced on Monday that stockpiles and production in October unexpectedly dropped.

* Stockpiles stood at 2.3 million tonnes at the end of October, down 4.1% from the previous month

* Crude palm oil prices in the spot market gained by 5.50 rupees and settled at 643.00 rupees.

 

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