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Soyabean

Soyabean trading range for the day is 5719-6083.

Soyabean prices dropped as exports of soyameal dropped by 58.93 per cent in August.

Chinese importers bought four to six bulk cargoes of Brazilian soybeans early this week for shipment in October and November

In Marathwada, there were concerns about mosaic virus, as well as infestation of pink and American bollworm.

At the Indore spot market in top producer MP, soybean gained 132 Rupees to 7095 Rupees per 100 kgs.

Rmseed

Rmseed trading range for the day is 8445-8721.

Mustard seed gained as statistics Canada cut its canola production estimate to a 13-year low, due to drought.

However upside seen limited after it took several measures to boost domestic supply and curb hoarding.

Government has increased the Mustard seed MSP from 4650.00 to 5050 i.e Rs.400 per quintal for RMS 2022-23.

In Alwar spot market in Rajasthan the prices gained 141.6 Rupees to end at 8600 Rupees per 100 kg.

Soya oil

Ref.Soya oil trading range for the day is 1273-1311.

Ref soyoil prices dropped as pressure seen tracking weakness in overseas prices due to a rapid progress in the U.S harvest season.

India vegetable oil imports seen shrinking for second year – SEA

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1345 Rupees per 10 kgs Oilmeal exports down 4% in August: SEA

Crude palm oil

CPO trading range for the day is 1102.9-1123.9.

Crude palm oil gains as exports of Malaysian palm oil products for Sep. 1-20 rose 36.7 percent to 1,070,096 tonnes

Malaysia maintained its October export tax for crude palm oil at 8%, a circular on the Malaysian Palm Oil Board website showed.

India cuts import taxes on vegetable oils to calm prices

In spot market, Crude palm oil gained by 0.6 Rupees to end at 1141.3 Rupees.

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