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Kandla CPO stays Rs 4kg over SoyDegum but SoyRef/RBD Trades at par

*S&P Global says:India Business growth 14yr high, driven by robust demand *Indonesia big focus on BioDiesl higher blends-saves 122 Trillion Rupia on Petro Gas Imports in 2023 Year

Malasia Ringit weakening effect-KLC in USD averaged $94 Ton below Indonesia CPO in March-now spread $129 Ton-CPO dropped $45 Ton in April/KLC in USD lost $67 Ton-so PalmOil more bearish in Futures than Cash Prices

GN HPS Exports post marginal 6% surge in April/Feb on China gud buy-Guargum demand stays as New Oil Wells dig pace slows-Rice Exports drop Half to LY 206 LacTon-India out of Wheat Export as Govt targets Food Security Priority

CHENNAI Port Stock 22 Apr:CPO 11678 Ton/RBD 19473/SunOiL 9530

Ports All VegOils stok mid April drops 50000 Ton vs March end 5.48 LacTons thou extra Cargo reports Ports-Refiners Tanks empty so higher Ports Cargo quickly moved to Plants*Ports PalmOil stoks begins to build on more Vessels reporting Ports-SoyOil shortage eases on higher Vessels reporting

April VegOils Import estimated 2.50 LacTon extra to March mth-All Extra Cargo to land at Kandla Mondra-Jnpt/Haldia Bujbuj 15-20% extra Cargo wud offset SunOil lower Imports at all Ports-SunOil Refiners tired of very Excess March 4.45 LT Import so April Import to taper 1.50 LacTons vs March

VegOils Import pattern:-57 to 75% of Mth Cargo reporting Ports past 3 mths in 1st 10days-85/90% of designated Cargo reports Ports in 1/20 days-very few more Vessels reports in mth last 10days so Ports supplies turned dried in mth end-April All Soy Vessels reports Ports so No Vessel due now