Soyabean trading range for the day is 5919-6395 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5919-6395.
Soyabean dropped after demand from poultry industry for extension of shipment period for import of soyameal
Pressure also seen amid weakness in overseas prices on good weekend rains in key soy areas of South America.
Soybean meal exports down 70% in October this year
At the Indore spot market in top producer MP, soybean dropped -95 Rupees to 6292 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1171-1227.
Ref soyoil dropped fuelled by concerns that the Omicron coronavirus variant could trigger renewed global lockdowns and dampen demand for global edible oils.
Rajasthan Govt imposed stocks limits on soyabean oil.
The Maharashtra Government has decided not to put stock-limit on edible oil stocks
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1220.45 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1077.9-1117.3.
Crude palm oil dropped weighed down by concerns that the Omicron coronavirus variant would disrupt demand for global edible oils.
Indonesia set its crude palm oil export reference price at $1,365.99 per tonne for December, up from November's $1,283.38 per tonne.
Indonesia's 2022 unblended biodiesel consumption is seen at 10 million kilolitres (KL), up from the targeted 9.2 million KL this year
In spot market, Crude palm oil dropped by -11.5 Rupees to end at 1117.5 Rupees.
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