CPO trading range for the day is 1162.1-1197.7 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 7947-8983.
Soyabean prices remained supported as in Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm.
However upside seen limited amid weakness in overseas prices as forecasts of rains in parts of the U.S. Midwest boosted hopes for better yields.
China's July soybean imports from Brazil drop on poor crush margins
At the Indore spot market in top producer MP, soybean gained 157 Rupees to 9427 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 7874-8322.
Mustard seed prices gained 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
EU Oilseeds situation report estimates that the EU will import 6 million metric tons of rapeseed from third countries in 2021-22.
In Alwar spot market in Rajasthan the prices gained 103 Rupees to end at 8097.5 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1376-1422.
Ref soyoil gained supported by lingering concerns over tight supply.
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 1414.25 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1162.1-1197.7.
Crude palm oil gained tracking rise in Malaysian prices as supply concerns fuelled by rising COVID-19 cases
Export shipments during the first half of August had plunged between 15% and 24% from the previous month
Indonesia's palm oil exports fell 26.8% in June from the same month a year earlier to 2.03 million tonnes due to volatile prices
In spot market, Crude palm oil dropped by -6.9 Rupees to end at 1192.1 Rupees.
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