Dorab Says in Dubai-
Factors which can propel EdibleOil now:
NorthAmerica weather
Spike in Energy Prices
Supply chain distribution on 2 ongoing Wars
*Dorab see very high Carry over Mustard stok in end of season
*Cbot Soybean touch season low last week even before US crop is sowed/harvested
-US Soy crop size very key to Cbot/if crop super than very large Carry Over in USA
*Dorab say:
-India VegOils Imports wud drop in 2024
-2024 Year/Break or Make for Indian Farmers
-India demand growth very impressive
*Dorab Mistry says with Confidence in Dubai
-US Feb Bank to cut Rates 2 times in 2024
-PalmOil May supply tightest sofar
-KLC to trade 3700/4200 till June
-Cbot SoyOil to struggle
-US SoyOil in Local Mkts wud be costliest VegOil
-VegOils Futures wud crash/spike on sorrounding Factors