-Model Farms:Indicates Yields can boost to 7000kg on proper Farming Technique
-Adani:Highest CastorOil Exporter/Ideshu Ranks 2nd
*Varun Udeshi/Jayant estimate 2 LacTon balance of LY crop
*Sh Dharmenda Rajput/Gokul says:
-CastorOil demand disturbed on Geo Political tense
*Sh Biren Waqil says-
-Share Mkts boom snatch Money flow so Commodities bears heat of low Money Flow
-Commodities can shape better in Year 2H, as Int Rate cut hope bright in 2H
*Manoj Agrawal/Trader say:
-CastorSeed Mkts near bottom
-Mills corners all Castor arrivals
-Govt say Castor sowing more to LY but Seed Co’s reports lower Seed sales for sowing
-farmers not holding Crop on larger Old crop stoks
-Feb arrivals higher to Last Year
-All buying Castor at Rs.1050 level
*Sh Nagraj/TransGraph:
-2023 Crop CastorOil prdn likly 8.52 Lt vs LY 8.08 LacTon
-India CastorOil Exports may advance 5% vs LY 6.18 LacTon
-April/June shipment may exceed LY
-season end Castor stok may drop 30000 Ton vs LY 3.40 LT
-Brent Petro may drop to $60-65 by June vs present $80 Barrel
-India needs 8-9yrs to World Top 3rd Economy
-Opec loosing Petro Market share as other Countries Prdn growing
*Castor Captains agrees:Milling capacity excess
-All stake Holders stoking Castor
-2024 Yr CastorOil demand outluk luks brighten
-China may continue higher buy in 2024
*China buy LY slowed in Jan Feb on Lockdown/Now Economy Open
-CastorOil may follow any fresh fall in VegOils
-Brzl unlikly to ship in 2024 despite higher Crop as Local demand to absorb Local Prdn
-Worst of CastorOil has over
-Europe buy may soft
-Indian Farmers may sell rather Holding Crop