CPO trading range for the day is 984.7-1035.5 - Kedia Advisory
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SOYABEAN
Soyabean trading range for the day is 6434-6738.
Soyabean prices dropped as Indian farmers are likely to expand their soybean planting area by more than a tenth
SFPWA has urged Prime Minister Narendra Modi to allow the processing industry to import 50,000 tonnes of food specialty soybeans from the US duty-free
China Jan-May soybean imports up 12.8% at 38.23 million tonnes
At the Indore spot market in top producer MP, soybean dropped -86 Rupees to 6971 Rupees per 100 kgs.
RMSEED
Rmseed trading range for the day is 6517-6661.
Mustard seed dropped amid flagging global edible oils markets and overseas prices on forecasts for beneficial rains across the Canadian Prairie.
However downside seen limited as the arrival of mustard in the mandis has decreased at all places in the country.
Canada rapeseed production is projected at 20.5 million tons, up 1.5 million on greater area.
In Alwar spot market in Rajasthan the prices dropped -44.35 Rupees to end at 6894.4 Rupees per 100 kg.
SOYOIL
Ref.Soya oil trading range for the day is 1154-1264.
Ref soyoil dropped as India slashed the base import prices of soybean oil for a fortnight
.Imports would remain elevated even in June as many states are easing lockdowns and allowing restaurants to reopen.
Indian farmers are likely to expand their soybean planting area by more than a tenth in 2021
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1289.6 Rupees per 10 kgs.
CRUDE PALM OIL
CPO trading range for the day is 984.7-1035.5.
Crude palm oil dropped as India cuts base import price of palm oil
India's palm oil imports nearly doubled in May as refiners bought aggressively to replenish inventory.
The country's palm oil imports in the month jumped 92% to 769,602 tonnes.
In spot market, Crude palm oil dropped by -13 Rupees to end at 1030 Rupees.
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