US Biden softens rules for Aviation Green Fuel blend but makes compulsory to prove Corn Soy made SAF must capable of 50% lower Emissions than Petroleum-Soy SAF must be made of farmers crop/Crush certification must
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CastorOil NonEdible, Industrial use Oil-still CastorOil $275 Ton costly in Export than GN Oil-Trades $200 Ton below to RBO
*SunOil Import cost equals SunRef/No extra margins-CPO Import in Rs 3kg parity*Australia Canola Exports slowing in favour of cheaper Brzl Soy
*US Share Mkt in Red, ahead of Feb meeting-No chance as Inflation dims hope for policy easing*India April GST collection highest ever Rs 2.10 Lac Crore
Argentina President Wins in Senate on Economic reforms:-allowed to Privatize some of Govt controlled Co’s-ease Rules to hire Workers
*India adds UAE in SoyOil suppliers list/shipped 18491 Ton in Jan Feb*Benin Togo enjoys Zero Duty in India so begins shipping SoyOil to India-Benin ships 2280 Ton/Togo 3631 Ton in Jan Feb*India SunOil buy from Bulgaria dropped vs LY Jan Feb 90327 Ton
*India SoyMeal in Export continues to Trade $200 Ton over RapeMeal since many mths*CastorMeal Fob Values now Half of 2yrs ago $172
RBOil continues to trade 40/50% over GN Oil Overseas-Feb RBOil Fob Value $1696 Ton vs GN Oil $1212 Ton-RBOil Feb Fob Values $150 Ton below Jan $1843
BL Agro: Bail Kolhu/Nourish quotes 1 May 2024
IMD says:India Monsoon rains likly above Normal after decade long gap-higher Rains aided by LaNina conditions-Last time abundant Rains 121% happened in 1988 season-India witnessed Strong Rains in most of LaNina years