Soyabean trading range for the day is 6163-6487 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Soyabean
Soyabean trading range for the day is 6163-6487.
Soyabean prices remained supported as Chinese importers bought four to six bulk cargoes of Brazilian soybeans early this week for shipment in October and November
China buys Brazilian soy as hurricane damage limits U.S. exports
In Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm.
Rmseed
Rmseed trading range for the day is 8511-8777.
Mustard prices gained tracking rise in overseas prices supported by tight supplies.
Statistics Canada cut its canola production estimate to a 13-year low, due to drought
Government has increased the Mustard seed MSP from 4650.00 to 5050 i.e Rs.400 per quintal for RMS 2022-23.
In Alwar spot market in Rajasthan the prices dropped -51.5 Rupees to end at 8818.5 Rupees per 100 kg
Soya oil
Ref.Soya oil trading range for the day is 1310-1346
Ref soyoil prices seen supported amid lingering concerns over tight supply.
The country's edible oil imports will rise substantially in September as government has slashed import taxes and peak demand season is approaching.
India's vegetable oil imports are likely to contract for the second straight year, the Solvent Extractors' Association of India (SEA) said
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1361.85 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1105.2-1151.6.
Crude palm oil gained amid robust exports in the first half of September and growing concerns over sluggish production boosted prices.
Indonesia's production during the second half of 2021 may miss expectations because of the lingering impact of drought in 2019 and insufficient fertiliser use.
In spot market, Crude palm oil gained by 19 Rupees to end at 1154.5 Rupees Exports during Sept. 1-15 soared 54% to 832,555 tonnes from the same week in August, cargo surveyor Amspec Agri said
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
