CPO trading range for the day is 1102.3-1157.7 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5196-5484.
Soyabean dropped as Soyabean production is estimated to rise by 14 per cent to nearly 119 lakh tonnes this year
China's soybean imports from Brazil in September fell 18% from a year earlier, customs data showed, as poor crush margins limited demand.
Soyabean production is estimated to rise by 14 per cent to nearly 119 lakh tonnes this year
At the Indore spot market in top producer MP, soybean gained 5 Rupees to 5443 Rupees per 100 kgs.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1233-1299.
Ref soyoil dropped as India slashed its base import tax on crude palm oil, crude soyoil and crude sunflower oil to zero from 2.5%
Oilseeds output is also expected to be down a tad at 23.38 mt as soyabean production was affected.
India’s Sept edible oil stocks at ports and pipelines rose 3.24 percent mom: SEA
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1315 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1102.3-1157.7.
Crude palm oil dropped Crude palm oil dropped as exports of Malaysian palm oil products for Oct. 1-20 fell 14.7% from the same week in September
The Southern Peninsula Palm Oil Millers' Association estimated Oct. 1-15 production declined 0.2% from the month before in some parts of Malaysia.
The Indian Vegetable Oils Producers Association says it is seeing early signs of demand shifting from palm oil to soft oils
In spot market, Crude palm oil gained by 4.6 Rupees to end at 1144.6 Rupees.
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