Soyabean trading range for the day is 7256-7668 - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Soyabean
Soyabean trading range for the day is 7256-7668.
Soyabean prices dropped as area under soybean cultivation likely to increase 5-7% across India.
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 17 Rupees to 7753 Rupees per 100 kgs.
Mustard seed
Rmseed trading range for the day is 7029-7301.
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 gained 114 Rupees to end at 7350.75 Rupees per 100 kg.
Soya Oil
Ref.Soya oil trading range for the day is 1314-1356.
Ref soyoil gained supported by lingering concerns over tight supply.
China raised its forecast on imports of edible oils in 2020/21 marketing year, on increase of palm oil and sunflower oil shipments.
China's 2020/21 edible oils imports were seen at 10.23 million tonnes, up 900,000 tonnes from last month's forecast.
At the Indore spot market in Madhya Pradesh, soyoil was steady at 1349.9 Rupees per 10 kgs.
Crude palm oil
CPO trading range for the day is 1045.1-1084.5.
Crude palm oil gains as concerns over slow output growth offered support.
European Union palm oil imports in the 2021/22 season fell to 80,608 tonnes versus 214,613 tonnes in 2020/21.
India's palm oil and soyoil imports plunged by nearly a quarter in June from a month ago.
In spot market, Crude palm oil gained by 10.9 Rupees to end at 1073.4 Rupees.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
