Ref.Soya oil trading range for the day is 1189-1357 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 5375-5737.
Soyabean gains as support seen after update in Madhya Pradesh thunderstorm and rain likely for next three to four days, weather will deteriorate again
China's soybean imports from Brazil plunged in Jan – Feb on cargo delays
China, brought in 1.03 million tonnes of the oilseed from Brazil in Jan-Feb, down nearly 80% from 5.14 million tonnes a year earlier
At the Indore spot market in top producer MP, soybean gained 32 Rupees to 5763 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 5519-5879.
Mustard prices gained as India's 2020-21 mustard seed production seen at 89.50 lakh tons
Rajasthan, has a mustard crop on about 25 lakh hectares this year.
Imported oil prices are going up, so the consumption of mustard oil has increased.
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 5757.8 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1189-1357.
Ref soyoil prices gained tracking rise in Soyabean prices and as Export of oilmeals in April-February rises 49%
Export of oilmeals jumped 205% year-on-year in February to 393,309 tonne, compared with 128,761 tonne
Support also seen due to tightening global supplies.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1283.55 Rupees per 10 kgs.
CRUDE PALM OIL
CPO trading range for the day is 1100.2-1183.4.
Crude palm oil prices gained supported by an uptick in exports during March 1-20.
Exports of Malaysian palm oil products for March 1-20 rose between 5% and 7% from the same period in February
Favorable weather, increased use of fertilizer and surging prices are expected to push Indonesia's palm oil production and exports to record highs in 2021/22
In spot market, Crude palm oil gained by 12.4 Rupees to end at 1139.7 Rupees.
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