Crude palm oil dropped by -11.1 Rupees to end at 1119.1 Rupees- Kedia Advisory
Soyabean
Soyabean trading range for the day is 6378-6810.
Soyabean gained on concerns about tight supplies amid dry weather in Brazil and strong demand for U.S. exports underpinned prices.
China's November soybean imports rise on month as more U.S. cargoes kick in
China imported 8.57 mln tonnes of soy in November
At the Indore spot market in top producer MP, soybean gained 85 Rupees to 6672 Rupees per 100 kgs.
Soya oil
Ref.Soya oil trading range for the day is 1201-1229.
Ref soyoil prices dropped after the U.S raised a proposal to scale back biofuel blending mandates.
Pressure also seen as crop prospects brightened in South America, fuelling expectations for bumper global supplies.
The Maharashtra Government has decided not to put stock-limit on edible oil stocks
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1225.9 Rupees per 10 kgs.
CPO
CPO trading range for the day is 1090.8-1134.8.
Crude palm oil dropped as rival soyoil fell after the U.S raised a proposal to scale back biofuel blending mandates.
Malaysia's November stocks seen down 3.5% m/m
Production likely rose 1% from October to 1.74 million tonnes, while exports were forecast to expand 11.9% to 1.59 million tonnes.
In spot market, Crude palm oil dropped by -11.1 Rupees to end at 1119.1 Rupees.
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