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Soyabean

Soyabean trading range for the day is 4524-4656.

Soyabean prices dropped on profit booking after prices seen supported following improved demand from and US crop damage

Arrival of new season crop has started, however the pace of arrival is slower than expected.

Brazilian soybean harvest at slowest pace in a decade on incessant rains

At the Indore spot market in top producer MP, soybean gained 32 Rupees to 4689 Rupees per 100 kgs.

Rmseed

Rmseed trading range for the day is 5482-5746.

Mustard prices ended with gains as mustard crop is delayed due to cold over northern India.

Mustard production expected to reach new record level

Mustard 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 6265.75 Rupees per 100 kg.

Ref.Soya oil

Ref.Soya oil trading range for the day is 1081-1121.

Ref soyoil prices ended with losses due to profit booking and as government cuts basic import duty on edible oils.

However downside seen limited amid higher demand for edible oils amid winter season and lower imports of Soybean oil in the recent months.

Export of Oilmeals Doubled in December 2020

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1101.5 Rupees per 10 kgs.

CPO

CPO trading range for the day is 946.4-990.4.

Crude palm oil dropped as a steep drop in January exports stoked demand concerns

Further an additional tax imposed by top vegetable oil importer India also weighed on sentiment.

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

In spot market, Crude palm oil dropped by -12.4 Rupees to end at 974.3 Rupees.

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