Gapki see PalmOil Prices softer in 2H than 1H-even 2024 Year average PalmOil prices wud be higher than Last Year
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Gapki Head says:-Indonesia PalmOil use in BioDiesel exceeds Local consumption-2024 Year PalmOil to grow than past Year-PalmOil usage in BioDiesl wud continue to elevate-Approx 22% of Palm Prdn now diverted to Energy usage/leaving less surplus for Export
Dubai Event/Expert View-Palm now not PoorMan Oil-Palm was cheaper on Plenty of Supplies/now excess supply fades on poor expansion in SouthEast-Oleo supply wud shrink on lack of Palm Prdn growth-No capacity expansion planned on Palm short supplies/stagnant Prdn-CGN now dictate LauricOil
Tefla’s Dubai Event begins:Sh Vijay Sardana says:-Feed demand wud drive World Food Prices-Population growth stagnant-World shifting to EV/Hydrozen-BioFuels now not key-India EdibleOils demand wud continue to grow with Economy growth-deficit in EdibleOil wud slow on lower BioFuel demand
12:02#KLC+55(JULY3917)CHINA:SOYOIL+112,ML+89,SD+30,RBD+140SUNOIL:853.5/855.0(+1.9/+5.0)ECBOT:SOYOIL+0.30,ML-0.9,SD-1.3INR 83.48 RM 4.7410WTI 78.38 BRENT 83.40
BL AGRO BAREILLY/7 May-Bk Mustard:-Bottle 114-15 lt jar 1625SunFlower:-1 lt pouch 95-1 lt bottle 101-15 lt jar 1455-15 kg jar 1580Soya pouch 1008937001002
Malaysia PalmOil Fob Prices @ Midday Close / 7 MAY 2024
Midday Market CloseBmd : Jul 3922 (+60)H 3935 / L 3860Vol : 42,848 OlnJun 862.5 vs 857.5Jas 860 vs 857.5Ond 865 vs 860Jfm 875 vs 870 Rbdpo: -5 Strn: Jun 892.5 (deld)Pfad: Jun 802.5 (deld) Local Cpo: May 3970 Laurics: May 292 (pk) / 294 (pg)Rbdpko: May 1170Rbdpkoln: May 1105Rbdpks : May 1290 Sbo :May …
Continue reading “Malaysia PalmOil Fob Prices @ Midday Close / 7 MAY 2024”
Malaysia Palm:Jun 862.5$+7.5Jas 860+5Ond 865+12.5
10:02#KLC(MID CLS)+45+49+60(JULY3922)+60/JULY:H/L:3935/3860ECBOT:SOYOIL+0.22,ML-0.6,SD-1.00GUAR:5413/5482(+3/+2)COTCK:2622/2649(+0/+2)GLD:71351/71482SLR:82900/84300
INR 83.47EUR 1.0768POUND 1.2557JPY 154.50CHF 0.9072AUD 0.6627CNY 7.2177Gold 2324.0Silver 27.348BRENT CRUDE 83.60DOLLEX 105.17263M USD SOFR 5.32126M USD SOFR 5.282481Y USD SOFR 5.13716