Malasia PalmOil shortage/Brzl Soy crop losses/Argntna Rains in harvest/Israel-Hamas Political threat effects worked gud in Feb March-India Ports low stoks effect last only 30days till mid MarchNOW Cash/Futures on down track as all bull factors Priced-in-Now only bearish factors in Store
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PalmOil believed to be safer to All Rival Oils past many mths-Kandla RBD still trades Rs 12kg over 31 Dec Rs 80kg-Kandla SoyRef adds Rs 6kg since Dec-PalmOil to regain cheapest VegOil Price Tag soon despite User Countries like India buy wud surge on PalmOil to trade at discount to Soy SunOil
KLC drops in April as Malasia supplies talked recovering-April losses since March reported 300 RM-3 April high 4443 RM to 25 April low 3817 RM 626 RM crash more serious as KLC drop fueled belief that Supplies now not so short-KLC spot mth trades 131 RM over 3rd mth March end/now Premium 35 RM
NO OIL SAFE IN MAY
Indore/Kandla SoyRef broke LY 30 April Price Tag/more drop on way on Palm Soy softer trend-Indore Ref now Rs 10kg off to March high Rs 102kg-Last Year Ref crash Rs 9kg in May but May 24 losses may limit to Rs 5kg on poor May mth demand/bigger supplies from Brzl Argntna-SO NO OIL SAFE IN …
Nafed higher Mustard buy results in lower Mandi supplies so Mustard avoids crash in April-Jaipur Mustard drops limited to Rs 100 in April-KolhuOil Last Year crashed Rs 15kg in April-Still trades Rs 4kg over Last year 30April Rs 95kg-further loss in May can’t ruled out on Olin drop in April
Malasia PalmOil shortage, Brzl Argntna erratic weather worked gud in April mth-India Mkts thou slides in April but April 2024 mth slide very smaller to past years-Malasia tight PalmOil supply helps India Mkts to drop less then past tradition-Normally April May mths known for Prices to slide
Palm supplies to elevate in May/SoyOil supplies always surge in April May-Palm Premium to Soy to narrow/fade in very few weeks-Kandla RBD to return back soon to 30April 2023 Tag Rs 91-Higher supplies to pressure Prices so May RBD loss may match LY 7kg-RBD Rs 90 or below to disturb mkts
Oilseed workers at one of Argentina’s largest ports plan to begin striking from Monday to protest against the government’s proposed tax and labor reforms.
JAI HIND!! JAI BHARAT!!
29-4-2024
Israel deploys massive ammount of Tanks to Gaza and prepares to invade Rafah, home to 1.5 million Palestinian refugees