Soybean prices remained in very narrow range in Indian markets where near month contracts ended higher and far month contracts ended marginally lower.
Spot prices of soybean have increased by ` 50-80/quintal in Indore market. CBOT prices have closed at four month high taking cues from the shifting in demand to U.S from Latin America.
Soy oil prices declined on Monday owing to the higher imports expectation in month of January and higher port wise stocks limited any steep gains in prices.
CBOT soy oil prices have ended higher in line with bean owing tot the shifting in Chinese demand to U.S.
Mustard seed prices declined substantially on Monday owing to the increasing fresh crop arrivals across spot markets.
Mustard spot prices declined by `50-80/quintal across major markets while arrivals increased to 80000 bags which was majorly constituted by fresh arrivals of 25000-35000 bags.
Courtesy: Karvy Comtrade Ltd.
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