Rmseed trading range for the day is 8057-8247 - Kedia Advisory
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Soyabean
Soyabean trading range for the day is 7814-8554.
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 194 Rupees to 9206 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 8057-8247.
Rmseed dropped on profit booking after 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 1355-1403.
Ref soyoil dropped amid reports of Brazil harvesting a bigger crop from last year and India to allow soymeal import.
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 1399.6 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1112.8-1154.
Crude palm oil 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 dropped by -1.2 Rupees to end at 1194.8 Rupees.
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