CPO trading range for the day is 1133-1156.8 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 7284-8532.
Soyabean prices dropped as India allows imports of 1.2 mln T of genetically modified soymeal
In Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm.
Soybean growers from Amravati, Latur and Osmanabad districts have reported the attack of mosaic virus.
At the Indore spot market in top producer MP, soybean dropped -11 Rupees to 9090 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 7933-8273.
Mustard seed dropped amid weakness in overseas prices after reports that the U.S. EPA will recommend lowering biofuel blending mandates.
In recent session, prices seen supported as USDA estimates Canada rapeseed production down as drought in the Prairies intensifies.
EU weekly rapeseed imports jumped by 70% to 127k mt, total at 414k mt
In Alwar spot market in Rajasthan the prices dropped -48.75 Rupees to end at 8048.75 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1389-1437.
Ref soyoil dropped amid profit booking tracking weakness in soyabean prices and other oilseed counters
The Government has reduced the import duty of Soyadegum oil to 7.50 percent from 15 percent earlier.
Edible oil prices are likely to remain elevated till the arrival of new crop in the October-November period, industry officials said.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1425.95 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1133-1156.8.
Crude palm oil ended with losses on slow export shipments and industry estimates of an increase in August output.
Indonesia's B40 biodiesel plan faces new delay due to palm price
Malaysian palm oil products for Aug. 1-25 fell 13.1 percent to 999,668 tonnes from 1,150,452 tonnes shipped during Jul. 1-25
In spot market, Crude palm oil gained by 6.2 Rupees to end at 1204 Rupees.
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