Rmseed trading range for the day is 6364-6660 - Kedia Advisory
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SOYABEAN
Soyabean trading range for the day is 6306-6646.
Soyabean prices dropped as Indian farmers are likely to expand their soybean planting area by more than a tenth
SFPWA has urged Prime Minister Narendra Modi to allow the processing industry to import 50,000 tonnes of food specialty soybeans from the US duty-free
China Jan-May soybean imports up 12.8% at 38.23 million tonnes
At the Indore spot market in top producer MP, soybean dropped -116 Rupees to 6855 Rupees per 100 kgs.
RMSEED
Rmseed trading range for the day is 6364-6660.
Mustard seed dropped amid flagging overseas prices on forecasts for beneficial rains across the Canadian Prairie.
However downside seen limited as the arrival of mustard in the mandis has decreased at all places in the country.
Canada rapeseed production is projected at 20.5 million tons, up 1.5 million on greater area.
In Alwar spot market in Rajasthan the prices dropped -113.65 Rupees to end at 6780.75 Rupees per 100 kg.
SOYOIL
Ref.Soya oil trading range for the day is 1157-1251.
Ref soyoil gained as India has put on hold a proposal to reduce import taxes on edible oils
India slashed the base import prices of soybean oil for a fortnight
Imports would remain elevated even in June as many states are easing lockdowns and allowing restaurants to reopen.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1263.25 Rupees per 10 kgs.
CRUDE PALM OIL
CPO trading range for the day is 972.7-1057.9.
Crude palm oil gained tracking rise in soyoil prices as India has put on hold a proposal to reduce import taxes on edible oils
India slashed the base import prices of palm oil and soybean oil for a fortnight, the government said in a statement
India's palm oil imports nearly doubled in May as refiners bought aggressively to replenish inventory.
In spot market, Crude palm oil dropped by -6.2 Rupees to end at 1023 Rupees.
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