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Soyabean

Soyabean trading range for the day is 7226-7736.

Soyabean trading range for the day is 7226-7736.

China's April soybean imports climb 11% on year as delayed cargoes arrive

European Union soybean imports in the 2020/21 season that started last July had reached 12.34 million tonnes.

At the Indore spot market in top producer MP, soybean gained 99 Rupees to 7878 Rupees per 100 kgs.

Rmseed

Rmseed trading range for the day is 7267-7753.

Mustard seed prices gained as crushing as increased due to rise in mustard oil demand.

A total of 1.2 million tonnes of mustard crushing occurred compared to 5.50 lakh tonnes.

The stock of mustard with farmers is estimated to be 62.50 lakh tonnes and processors and stockists have a stock of six lakh tonnes of mustard.

In Alwar spot market in Rajasthan the prices gained 105 Rupees to end at 7325 Rupees per 100 kg.

Ref.Soya oil

Ref.Soya oil trading range for the day is 1391-1459.

Refsoyoil prices gained amid worries about global edible oils supply.

However upside seen limited after reports that summer oilseed crop sowing progress is very good as on date.

There is no impact of COVID-19 pandemic situation on progress of area coverage under summer crops in the country.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1486.7 Rupees per 10 kgs.

CPO

CPO trading range for the day is 1197.6-1266.8.

Crude palm oil gained as support seen as Malaysia's exports during May 1 to 10 rose between 29.6% and 36.8% from the same period in April

Malaysia's palm oil stocks at the end of April rose 7.1%

Crude palm oil production jumped 7% from March to 1.52 million tonnes, while palm oil exports expanded 12.6% to 1.34 tonnes, MPOB said.

In spot market, Crude palm oil dropped by -3.8 Rupees to end at 1243.5 Rupees.

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