CPO trading range for the day is 983-1030.4 - 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 4694-4828.
Soyabean prices ended with losses as pressure seen after WASDE report showed bigger soybean carryout than estimated.
Brazilian farmers had managed to double the area harvested to 4%, from 2% in the previous week this also weighing on soybean prices.
However downside seen limited due to lower production and stock on both domestic and international.
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 4899 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 5165-5295.
Mustard seed gained amid crop damage in north due to cold waves.
New mustard arrivals will start in Uttar Pradesh's mandis.
Production area of the Rabi season has reached a height of 73.94 lakh hectare
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 6474.25 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1088-1144.
Ref soyoil prices dropped after update that India's edible oil consumption is expected to contract for the second straight year in 2020/21
Edible oil consumption could fall to 21 million tonnes in 2019/20 marketing year ending on Oct. 31 from 22 million a year earlier
Soyoil imports could drop marginally from last year's 3.4 million tonnes
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1126.35 Rupees per 10 kgs.
CPO
CPO trading range for the day is 983-1030.4.
Crude palm oil dropped after Malaysia's palm oil inventories rose more than expected in January as exports plunged to a near 14-year low
Stockpile in the world's second largest producer increased 4.7% to reach 1.32 million tonnes at the end of January from the month prior
Crude palm oil production fell more than expected to its lowest since February 2016. It slumped 15.5% in January to 1.13 million tonnes
In spot market, Crude palm oil dropped by -2.5 Rupees to end at 1011.3 Rupees.
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
