Rmseed trading range for the day is 7946-8298 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 7918-8736.
Soyabean prices dropped as India allows imports of 1.2 mln T of genetically modified soymeal
In Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm.
Soybean growers from Amravati, Latur and Osmanabad districts have reported the attack of mosaic virus
At the Indore spot market in top producer MP, soybean dropped -873 Rupees to 9101 Rupees per 100 kgs
Mustard seed
Rmseed trading range for the day is 7946-8298.
Mustard seed pared gains amid weakness in overseas prices after reports that the U.S. EPA will recommend lowering biofuel blending mandates.
In recent session, prices seen supported as USDA estimates Canada rapeseed production down as drought in the Prairies intensifies.
EU weekly rapeseed imports jumped by 70% to 127k mt, total at 414k mt
In Alwar spot market in Rajasthan the prices dropped -25.75 Rupees to end at 8097.5 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1393-1435.
Ref soyoil gained supported by lingering concerns over tight supply.
The Government has reduced the import duty of Soyadegum oil to 7.50 percent from 15 percent earlier.
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 1423.35 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1135.6-1160.4.
Crude palm oil gained tight supply in global edible oils due to hot weather in soybean producers South America and the U.S.
The Southern Peninsula Palm Oil Millers' Association forecast an 11.5% month-on-month rise in Aug. 1-20 production.
Malaysia's exports during Aug. 1-20 fell 9.9% from the same period in July, cargo surveyor Societe Generale de Surveillance said.
In spot market, Crude palm oil gained by 6.2 Rupees to end at 1204 Rupees.
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