Rmseed trading range for the day is 5053-5157 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 4617-4743.
Soyabean gained as 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 4758 Rupees per 100 kgs.
Rmseed
Rmseed trading range for the day is 5053-5157.
Mustard seed prices dropped as production area of the Rabi season has reached a height of 73.94 lakh hectare.
However downside seen limited as mustard crop is delayed due to cold over northern India.
Mustard production expected to reach new record level
In Alwar spot market in Rajasthan the prices gained 52.15 Rupees to end at 6539.25 Rupees per 100 kg.
Ref.Soya oil
Ref.Soya oil trading range for the day is 1092-1118.
Ref soyoil prices gained as amid higher demand for edible oils amid winter season and lower imports of Soybean oil in the recent months.
Government of India, lowered basic import duty on soybean oil to 15% from 35%.
Export of Oilmeals Doubled in December 2020
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1105.8 Rupees per 10 kgs.
CPO
CPO trading range for the day is 976-996.
Crude palm oil gains tracking rise in Malaysian palm oil as traders anticipated further inventory declines in January.
Indonesia's 2020 palm oil exports down 9% – palm oil association
Palm prices have risen in the past year due to a supply crunch in Malaysia brought about by poor weather and infrastructure issues.
In spot market, Crude palm oil gained by 2.4 Rupees to end at 985.2 Rupees.
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