Author Archives: 919810285269

*Argentina 78% Soy crop harvested-Buenos Aires Exchange say Crop higher than USDA 505 LT estimate*Cbot Funds sells Corn on higher sowing pace

-KLC/Cbot 19 sessions in May-KLC drops 9 sessions-Cbot lost 7days*KLC/Cbot run till last Week-adds 71 RM/1.86% till 24 May*Cbot adds 191pts/4.43% in 1-24 May-so Cbot still more hotter than KLC as KLC in pressure of surging Malaysia supplies-Brent lost 5% till 24 May

*Elections/Heat Wave driving Sugar usage/Annual offtake likly 290 LacTons*India Oppose US Australia allegations on its Sugar Subsidies breaching WTO limit*Business Today Survey:BJP 400 Par claim wud short by big drop

World’s largest CPO Miller FGV see KLC 2024 Year range 3800/4000 Ringit-Potential shift to LaNina in later mths of Year wud lead to Prdn shortfall

-GST Council may permit Fertilizer Co’s for refund due of Inverted Duty Structure-EdibleOil Mfrs pending 0000’s Crores Inverted Duty may remain Forfeited

-Soy 68%/5% more to average-Corn 59/2pt more to average-Wheat 77%/8% extra than average

*Gapki reports:Indonesia March PalmOil Exports 25.60 LacTon/sharp 4 LT addition to Feb mth *Ukraine Grain Traders Assn see new SunSeed crop 5 LacTon less to LY 142 LacTon

KolhuOil 20% Rs 20kg run in May recalls Covid VegOils sharp Rally on supply disturbance/Movement restrictions-KolhuOil best Run Rs 28kg/April 21-RBD best run Rs 22/23kg in Feb April 2022-SoyRef Kandla highest Run Rs 25kg in Feb 22/Rs 21kg in April 22-SunRef records Rs 36kg run in Feb 22

KLC adds 93 Ringit last day-Single day highest run of May-hits 3968 RM/mth high-200 RM recovery from 10 May low 3767 RM*Sh Anil Bagani/Sunvin says–Export pace growing as buyers back in surging Futures-Prdn pace ease so Funds feel May Malasia supplies may not elevate faster

*Cbot SoyOil adds $12.56-SoyMeal drops $11-Soybean lost $7 Ton*SoyOil/Kandla Cif adds $10-HighSeas/Plant Ref adds 50Paise kg*Malasia CPO adds $13 Ton-Kandla Olin Rs 1kg up*KolhuOil adds Rs 3kg Tuesday/buyers chase supplies-Mills in Rs 6kg disparity so few Mills running