April/June VegOils import set to rebound after Jan/March Palm Soy Import drops 6 LT:
-Palm supplies to elevate, Prices to ease/Premium to Soy Sun may end so PalmOil Import to elevate more vs 1st Qtr
-SouthAmrica Soy crops supplies to build, pushing Prices down so India buy wud grow in 2nd Qtr
Sandip Bajoria say:
-CPO to trade cheaper to Soy in 2Qtr as prdn recovers
-India Palm demand dropped in 1st Qtr on Cost over to Soy
-Palm need to correct $50 for demand revival
-Palm again wud be prefered Oil
-India covered in Soy for April/June
-SunOil cheapest so April/June Import wud surge
Sh Sudhakar Desai say:
-April/June higher Palm import depends on Palm/Soy spread
-If Palm/Soy Trades at par, Import wud be 17 LT, can hit 19 LT on discount to Soy
-SunOil has room to surge as Ukraine Russia Supplies shrinks
-SoyOil too can add/supplies higher but not much surplus for Exports
Sh Nirav Desai say-
-India Soy PalmOil shortage to ease onwards mid May as more Vessels wud report Ports
-Ports SoyOil shortage now not so alarming
-Palm supplies wud take 1 mth to turn Normal
-India SoftOils supply to surge on higher Mustard crush
-Palm/Soy spread unlikly to hit $100 nearterm