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Rmseed trading range for the day is 8016-8574 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 8019-9137.
Soyabean gained as in Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm.
As per the USDA report the 2021/22 global oilseed supply and demand forecasts include lower production, crush, exports
Brazil said that they will be reducing there mandatory bio-diesel blend to 10% from 12%.
At the Indore spot market in top producer MP, soybean gained 132 Rupees to 9338 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 8016-8574.
Rmseed prices gained amid regular demand from the stockists and lowering all India arrivals.
In their August report, the IGC lowered their forecast for the world rapeseed production to 70.9 million tons.
USDA estimates Canada rapeseed production for marketing year 2021/22 at 16.0 million metric tons (mmt), down 4.2 mmt (21 percent) from last month.
In Alwar spot market in Rajasthan the prices gained 141.6 Rupees to end at 8355 Rupees per 100 kg.
Soya oil
Ref.Soya oil trading range for the day is 1358-1424.
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 1395.15 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1114.4-1179.8.
Crude palm oil gained on some low level buying after prices dropped as Malaysia's Aug palm oil exports fall 15.8 percent
Exports of Malaysian palm oil products for August fell 15.8 percent to 1,213,126 tonnes from 1,440,096 tonnes shipped during July
Slow palm oil output growth to lift Malaysia's 2021 average prices to 3,600 rgt/T – MPOB
In spot market, Crude palm oil gained by 0.6 Rupees to end at 1193.3 Rupees.
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