CPO trading range for the day is 1205.1-1241.1 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 7445-7915.
Soyabean prices gains continuing its rally due to better export performance of DOC.
Support also seen as planters are not holding back from purchasing soybeans even at high prices.
Support also seen amid concerns over global supplies after domestic processors and importers led by China loaded up on grain and oilseeds this season.
At the Indore spot market in top producer MP, soybean gained 136 Rupees to 7812 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 7077-7563.
Mustard seed prices gained as crushing as increased due to rise in mustard oil demand.
A total of 1.2 million tonnes of mustard crushing occurred in the country in March 2021 compared to 5.50 lakh tonnes in the month of February.
The stock of mustard with farmers is estimated to be 62.50 lakh tonnes and processors and stockists have a stock of six lakh tonnes of mustard.
In Alwar spot market in Rajasthan the prices gained 412 Rupees to end at 7531 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1410-1454.
Ref soyoil ended with gains as total vegetable oil imports rose marginally to 9,80,243 tonne in March 2021.
Support also seen due to low stocks, a slow recovery in output and higher global use in biofuel production.
Prices rallied in recent session tracking rise in soyabean prices after the USDA's plantings forecast for 2021 fell below most trade expectations.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1458.65 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1205.1-1241.1.
Crude palm oil prices ended with gains lifted by estimates of tight production and tracking higher rival soyoil.
The SPPOMA in Malaysia estimated production during April 1-20 will be unchanged from the previous month, defeating hopes of a recovery in supply.
Exports of Malaysian palm oil products during April 1-20 rose between 10% and 12.7% from a month earlier
In spot market, Crude palm oil gained by 20 Rupees to end at 1235.3 Rupees.
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