Published on 23/01/2020 11:16:19 AM | Source: Kedia Commodity Ltd

Soyabean trading range for the day is 4058-4254 - Kedia Commodity

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

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* Soyabean trading range for the day is 4058-4254.

* Soyabean dropped on profit booking after prices gained due to paucity of quality produce despite the higher mandi arrivals.

* Quality damage and yield loss has been reported for the new season crop due to the unseasonal and extended rainfall.

* NCDEX accredited warehouses soyabean stocks dropped by -1262 tonnes to 38126 tonnes.

* At the Indore spot market in top producer MP, soybean gained 24 Rupees to 4359 Rupees per 100 kgs.


Mustard seed

* Rmseed trading range for the day is 4204-4330.

* Mustard seed prices ended with losses on hopes of higher acreage backed by favourable weather conditions.

* Mustard seed sowing stood nearly 3 lakh hectare down, compared to last year in the corresponding period, at 50.71 lakh hectares

* NCDEX accredited warehouses mustard seed stocks gained by 50 tonnes to 6348 tonnes.

* In Alwar spot market in Rajasthan the prices gained 25.75 Rupees to end at 4488.5 Rupees per 100 kg.


Soya oil

* Ref.Soya oil trading range for the day is 854-898.

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

* The total area under Oilseeds is reported lower by 1.3 lakh hectares to 71.79 lakh hectares against 73.08 lakh hectares in the previous year

* The country’s oil meals export fell sharply by 79.20 per cent to 67,562 tonne in December 2019, due to price disparity in soybean meal, industry body SEA said

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 908.2 Rupees per 10 kgs.


Crude palm oil

* CPO trading range for the day is 769.2-822.2.

* Crude palm oil ended with gains on short covering amid higher biodiesel demand in Malaysia and Indonesia and supply tightness buoyed prices.

* According to Malaysia Palm Oil Board (MPOB), Malaysia hiked Feb crude palm oil export tax to 6.0 percent.

* Exports of Malaysian palm oil products for January 1 – 20 fell 9.9 percent to 738,902 tonnes from 819,896 tonnes shipped during December 1 – 20

* Crude palm oil prices in the spot market dropped by 13.10 rupees and settled at 798.70 rupees.


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