Malaysia PalmOil Fob Prices @ Close / 6 MAY 2024

Market CloseBmd : Jul 3863 (+19)H 3871 / L 3829Vol : 39,361 OlnMay 862.5/60 vsJun 855 vs 845Jas 850 vs 845Ond 852.5 vs 847.5Jfm 867.5 vs 860 Rbdpo: -5 Strn: Jun 887.5 (deld)Pfad: Jun 792.5 (deld) Local Cpo: May 3930 Laurics: May 290 (pk) / 292 (pg)Rbdpko: May 1170Rbdpkoln: May 1105Rbdpks : May 1290 Sbo …

Kandla SoyRef/RBD now trades equal-Chances of Palm to trade below Soy very brisk as Palm needs to correct more to regain market share*CotRef trades Rs 8kg over RBD-discount similar to LY average Rs 8kg-Palm correction due in May June so CotRef demand may slow on wide discount to Palm Soy

India Monsoon more key to India success story rather BJP Victory-IMD forecasts Rains LPA 106%-Too says:May mth to heat more than past yrs-Any rains deficiency wud give more Teeth to BJP to bite-FMCG sector to suffer most on Low Rains-Farmers low Income wud hurt Rural demand:Bad for All