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SOYABEAN

Soyabean trading range for the day is 6948-7388.

Soyabean prices gained as a “break” in the monsoon has affected Kharif sowing in many parts of the country this year.

There has been shortage of certified seeds and they have been selling at high prices, but farmers have prepared their own seeds.

In Maharashtra, the government has claimed that there was no shortage of soybean seeds and sowing was in full swing.

At the Indore spot market in top producer MP, soybean gained 42 Rupees to 7544 Rupees per 100 kgs.

RMSEED

Rmseed trading range for the day is 6667-7027.

Mustard seed prices gained tracking firmness in overseas prices as drought continued across the Canadian Prairies, threatening crop yields.

The arrival of mustard in the mandis has decreased at all places in the country.

U.S. rapeseed production is forecast to reach a record 1.8 million tons on record area and trend yield.

In Alwar spot market in Rajasthan the prices dropped -15.5 Rupees to end at 7119 Rupees per 100 kg.

SOYOIL

Ref.Soya oil trading range for the day is 1236-1312.

Ref soyoil ended with gains as concerns over tightening edible oil supply underpinned prices.

India has slashed the base import price of palm oil and soyoil, the government said in a statement, as prices fell in the overseas market.

India exported 5.31 lakh tonnes of oilmeals in the first two months of the fiscal 2021-22 against 3.50 lakh tonnes in the same period a year ago

At the Indore spot market in Madhya Pradesh, soyoil was steady at 1297.5 Rupees per 10 kgs.

CRUDE PALM OIL

CPO trading range for the day is 1002.8-1053.8.

Crude palm oil prices gained tracking rise in overseas prices amid expectations of tight production.

MPOA's output projections lower than expected

India declared that the import of refined palm oil is amended from 'Restricted' to 'Free', allowing imports of the product for six months.

In spot market, Crude palm oil gained by 8.4 Rupees to end at 1040.2 Rupees.

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