COOIT Rabi Seminar begins today
-Everghigh Delegates Attendance in Delhi Event
-All Trade Bodies SEA IVPA Rompa Revosa Devota presence makes Seminar historical
-wide discussion held on Soy Palm SunOil
-top Captains of EdibleOil Processors Refiners presence places Mustard on Top of discussion
COOIT Seminar: Delegates still in Bull Tone
-All hopes:Modi wud hike Import Duty after Forming new Govt
-All assumes Mustard Crop everyhigh/everhigh season supplies on Old Crop stok
-Trade believes Prices may soften onwards April, once India Ports stoks piled again in 1mth time
Trade still under estimating Soy Mustard PalmOil supply strength
-Prices run after long gap so Trade wishes Rally to continue
-SouthAmerica Soy supplies marks new high
-Palm supplies to recover in few weeks
-Brzl Argntna farmers slow selling may not continue/harvest pressure wud force to Sell
Mustard at high risk
-higher season supplies to bulit pressure always
-Nafed may corner initial supplies of season
-Nafed carries 8 LT Old crop
-new crop buy may limit to 20 LacTon
-Nafed buy wud help Mustard only for shorter days
-farmers wud sell more in Mandi’s as Nafed buy wud be limited
Brzl Argntna higher soy crops pressure wud felt very soon
-India Mustard at great Risk:even more to past years
-Mustard Meal Export outluk seen very saddy on Soy/DDGS very low Prices
-Mustard Meal lower demand wud compell Mills to lower Crush
-Mills wud face high disparity on Meal demand loss
KolhuOil last season hit Rs 92kg/season low within 60days of season
-nothing changed to LY
-2024 season even more risky on supplies higher to Last Year
-No Govt support for boosting Meals Export
-India Soy supplies still Extra to LY
-Mustard Meal:No buyer
-KolhuOil at mercy of Soy Palm Prices
High Risk of KolhuOil to trade over Rs 95 in harvest season
-SoyOil rally to fade in few weeks as Brzl Argntna higher supplies wud flood mkts
-Mustard Supplies very high/No Room for Stokists
-RBD wud break Rs 90 level to trade below on SoyOil Pressure
-KolhuOil may equal LY Rs 92kg in season