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Published on 21/09/2020 1:23:59 PM | Source: Kedia Advisory

CPO trading range for the day is 796.3-818.9 Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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SOYABEAN

Soyabean trading range for the day is 3911-4063.

* Soyabean prices gained as crops in the fields are being destroyed due to continuous rains.

* Hundreds of acres of fields have damaged farmers due to kharif season crop failure.

* China is set to buy a record amount of American soybeans this year as lower prices help the Asian nation boost purchases

* At the Indore spot market in top producer MP, soybean gained 22 Rupees to 3969 Rupees per 100 kgs.

 

RMSEED

* Rmseed trading range for the day is 5298-5488.

* Mustard gained as support seen due to low crop estimates, and increased prices by Nafed

* It is estimated that the mustard oil consumption in the domestic market has increased by 12% to 15% this year

* As per USDA, World Mustard seed beginning stock is expected to fall by around 28% to 65 Lakh tonnes.

* In Alwar spot market in Rajasthan the prices gained 12.5 Rupees to end at 5487.5 Rupees per 100 kg.

 

SOYOIL

* Ref.Soya oil trading range for the day is 931-961.

* Ref soyoil gained as prices seen supported due to the pick up in spot demand following relaxations in the lockdown.

* India’s total edible oil imports probably slumped to 1.3 million tons compared with 1.52 million tons in July

* U.S. August soy oil end stocks fell 6.18 percent m-o-m: NOPA

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 936.55 Rupees per 10 kgs.

 

CPO

* Crude palm oil prices gained on increased demand from China ahead of a key festival week. 

* Malaysia's palm oil exports during Sept. 1-15 rose 12% from the month before, according to data released by cargo surveyors.

* Palm oil imports by top buyer India probably fell from a 10-month high as a slow recovery of the food services industry curtailed demand

* In spot market, Crude palm oil gained by 13.5 Rupees to end at 808.3 Rupees.


 

 

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