Ref.Soya oil trading range for the day is 1364-1450 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 6808-7390.
Soyabean prices gained tracking rise in overseas prices as global supply tightens, and demand persists.
Exporters sold 120,000 tonnes of new crop soybeans for delivery to unknown destinations, the USDA said.
The domestic 2020-21 soyabean crop would at best be 100 lakh tonnes, far less than the government estimate of 137 lt.
At the Indore spot market in top producer MP, soybean dropped -10 Rupees to 7224 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 6700-7356.
Mustard seed prices gained lifted by concerns about near-term short supplies and by strength in soyabean prices.
Prices rallied in recent sessions as crushing as increased due to rise in mustard oil demand.
COOIT and MOPA have estimated the production at 89.50 lakh tonnes.
In Alwar spot market in Rajasthan the prices dropped -206 Rupees to end at 7325 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1364-1450.
Ref soyoil ended with gains tracking rise in overseas prices amid tightening global vegetable oil supplies.
The U.S. Department of Agriculture confirmed private sales of 132,000 tonnes of U.S. new-crop soybeans to China.
However upside seen limited as summer oilseed crop sowing progress is very good as on date.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1443.3 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1144.3-1213.9.
Crude palm oil gains on short covering as global commodity prices are expected to stay firm around current levels in 2021
However pressure seen in recent sessions amid fears of weaker demand from India amid a surge in coronavirus infections.
India's palm oil imports in March jumped 57% year on year as refiners increased purchases of the tropical oil to reduce expensive sunflower oil imports.
In spot market, Crude palm oil gained by 23.8 Rupees to end at 1240.3 Rupees.
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