CAPITALSTARS FREE AGRI COMMODITY MARKET NEWS UPDATES - 15 MAY 2018

Soyabean

Soyabean trading range for the day is 3687-3747.

Soyabean prices dropped tracking weakness in spot demand s on reports that the soymeal exports have been lower during April.

Pressure also seen amid uncertainty about the impact of trade disputes on demand for North American supplies despite forecasts for record breaking sales.

NCDEX accredited warehouses soyabean stocks dropped by 764 tonnes to 51543 tonnes.

At the Indore spot market in top producer MP, soybean dropped -25 Rupees to 3740 Rupees per 100 kgs.

Rmseed

Rmseed trading range for the day is 3892-3966.

Mustard seed prices ended with small gains supported by higher meal exports during the month of April.

NAFED purchased 391,504 ton of mustard seed in major producing states until May 8, said sources. NCDEX accredited warehouses mustard seed stocks gained by 773 tonnes to 98788 tonnes.

In Alwar spot market in Rajasthan the prices remains unchanged by 0 Rupees to end at 3896.25 Rupees per 100 kg.

Ref.Soya oil

Ref.Soya oil trading range for the day is 759-781.

Ref soyoil dropped due to steady physical demand from the stockists on reports of higher stocks of edible oil in the country.

As per the data from SEA, soyoil imports during the March dropped 49.9% to 115,102 tons compared to 229,853 tons in the same period a year ago.

India's oilmeal exports in April edged up 14 percent from a year earlier to 155,069 tonnes as shipments of soymeal rose from the last year's upper base.

At the Indore spot market in Madhya Pradesh, soyoil was steady at 752.9 Rupees per 10 kgs.

CPO

CPO trading range for the day is 651.1-667.3.

Crude palm oil dropped tracking weakness in spot demand despite of firmness in overseas prices amid lower-than-forecast end-stocks data from an industry regulator.

Further, cut in base import prices for the 1st half of May kept prices lower in first week.

MPOB showed April end-stocks in Malaysia, dropped 6.4 percent from the previous month to 2.17 million tonnes, their lowest since September.

Crude palm oil prices in spot market dropped by 0.10 rupees and settled at 650.80 rupees.

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