Rmseed trading range for the day is 6993-7143 - Kedia Advisory
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Soyabean
Rmseed trading range for the day is 6993-7143.
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 dropped -206 Rupees to end at 7325 Rupees per 100 kg.
Rmseed
Ref.Soya oil trading range for the day is 1417-1443.
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 1459.1 Rupees per 10 kgs.
Soya oil
CPO trading range for the day is 1190.2-1215.
Crude palm oil edged up with prices underpinned by concerns over world vegetable oil supplies and strong demand.
Malaysia's palm oil stockpile in April likely inched lower despite production rising to a six-month high, hampered by robust exports and plummeting imports
Support also seen as labour shortage due to the COVID-19 pandemic is impacting production
In spot market, Crude palm oil gained by 23 Rupees to end at 1237 Rupees.
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