Crude palm oil trading range for the day is 1065.2-1089.8 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 7367-7581.
Soyabean gained as planting of overall oilseeds, including soybean was at 11.2 mln hec, down from 12.6 mln hec the previous year
There has been shortage of certified seeds and they have been selling at high prices, but farmers have prepared their own seeds.
China's June soybean imports hit third highest monthly level.
At the Indore spot market in top producer MP, soybean dropped -9 Rupees to 7744 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 7094-7282.
Mustard seed prices gained tracking firmness in overseas prices as drought continued across the Canadian Prairies, threatening crop yields.
The arrival of mustard in the mandis has decreased at all places in the country.
U.S. rapeseed production is forecast to reach a record 1.8 million tons on record area and trend yield.
In Alwar spot market in Rajasthan the prices gained 77.25 Rupees to end at 7428 Rupees per 100 kg.
Soya Oil
Ref.Soya oil trading range for the day is 1330-1366.
Ref soyoil gained supported by lingering concerns over tight supply.
China raised its forecast on imports of edible oils in 2020/21 marketing year, on increase of palm oil and sunflower oil shipments.
China's 2020/21 edible oils imports were seen at 10.23 million tonnes, up 900,000 tonnes from last month's forecast.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1358.75 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1065.2-1089.8.
Crude palm oil gains as concerns over slow output growth offered support.
European Union palm oil imports in the 2021/22 season fell to 80,608 tonnes versus 214,613 tonnes in 2020/21.
India's palm oil and soyoil imports plunged by nearly a quarter in June from a month ago.
In spot market, Crude palm oil gained by 7.6 Rupees to end at 1081 Rupees.
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