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Published on 17/01/2020 10:07:53 AM | Source: Kedia Commodity Ltd

Rmseed trading range for the day is 4226-4450 - Kedia Commodity

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

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Soyabean

* Soyabean trading range for the day is 4121-4285.

* Soyabean prices gained due to paucity of quality produce.

* USDA said soybean production reached 3.56 billion bushels in the past year, rising by 8 million bushels above average

* NCDEX accredited warehouses soyabean stocks gained by 56 tonnes to 39252 tonnes.

* At the Indore spot market in top producer MP, soybean dropped -16 Rupees to 4350 Rupees per 100 kgs

 

Rmseed

* Rmseed trading range for the day is 4226-4450.

* 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 249 tonnes to 6901 tonnes.

* In Alwar spot market in Rajasthan the prices dropped -51.5 Rupees to end at 4437 Rupees per 100 kg.

 

Ref.Soya Oil

* Ref.Soya oil trading range for the day is 874-916.

* Ref soyoil ended with losses on profit booking amid sufficient stocks in domestic market and weak demand in physical.

* The country’s oilmeal exports in December 2019 declined 79% to 67,562 tonne as compared to 324,927 tonne in the year-ago period

* The overall export of oilmeals during April-December 2019 stood at 1,802,434 tonne compared to 2,411,248 tonne in the year-ago period

* At the Indore spot market in Madhya Pradesh, soyoil was steady at 910.85 Rupees per 10 kgs.

 

CPO

* CPO trading range for the day is 774.7-836.5.

* Crude palm oil dropped as lower-than-expected exports dragged on prices, with traders worried India will place more curbs on shipments from Malaysia.

* Malaysia is talking to Indian government and trade officials in a bid to resolve concerns over New Delhi's new palm oil import restrictions.

* Malaysian palm oil exports for Jan. 1-15 rose between 3% and 5.8%, cargo surveyors Amspec Malaysia and Intertek Testing Services said.

* Crude palm oil prices in the spot market dropped by 21.00 rupees and settled at 805.80 rupees

 


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