Ref.Soya oil trading range for the day is 1375-1397 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Soyabean
Soyabean trading range for the day is 8060-8746.
Soyabean prices dropped as China's August soybean imports fall on flat demand
In Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm.
Production confidence for LIS soybeans has been increasing and there has been recent rainfall across previously drought impacted regions.
At the Indore spot market in top producer MP, soybean gained 132 Rupees to 9029 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 8461-8851.
Rmseed prices gained amid regular demand from the stockists and lowering all India arrivals.
In their August report, the IGC lowered their forecast for the world rapeseed production to 70.9 million tons.
USDA estimates Canada rapeseed production for marketing year 2021/22 at 16.0 million metric tons (mmt), down 4.2 mmt (21 percent) from last month
In Alwar spot market in Rajasthan the prices gained 141.6 Rupees to end at 8783.5 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1375-1397.
Ref soyoil gained amid lingering concerns over tight supply.
Support seen on the back of tightening inventory levels of major vegetable oils and possibility of a lower planting area in oilseeds.
Edible oil prices are likely to remain elevated till the arrival of new crop in the October-November period, industry officials said.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1400 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1131.7-1156.5.
Crude palm oil seen supported as global stocks are seen falling to their lowest in five years.
Malaysia's palm oil board cuts 2021 production outlook
Indonesia crude palm oil output forecast to rise in 2022 – Institute
In spot market, Crude palm oil gained by 0.6 Rupees to end at 1189.6 Rupees.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
