Mustard arrivals dropping-farmers slows sale-Not willing to sell Rs 4800/5000-April arrivals may drop from March 13 LT-today arrivals 40% less to March day average 50000 Ton-Most Mills closed/only new Mills or Branded Oils Unit Operating-Stokist buying brisk/feel Mustard now cheapest
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12:02#KLC+3SUNOIL:875.5/:NA(-2.2/:NA)ECBOT:SOYOIL+0.20,ML-1.3,SD-1.0CHINA:SOYOIL-18,ML-2,SD-32,RBD-62INR 83.47 RM 4.776WTI 82.26 BR 86.93
*KLC spot mth Premium to 3rd mth narrowing on signal of Malasia Prdn recovery *Argntna:Corn victim of disease so farmers can add to new Soy area
Analyst Abdul Hameed say:-High GasOil supply risk for BioDiesl demand, Prices-BioDiesel crash $100 Ton in week-BioDiesl price drop hikes pressure on VegOils-PalmOil Futures corrects big so PalmOil demand recovery on way
India Mustard Doc Kandla Export Values drops $40 Ton since Dec $324 Ton-Kandla March average Export Values still $40 Ton extra to LY $243-more correction likly in April on fewer Export demand*March mth CastorMeal in Export now Half Priced to 2yrs ago $170 Ton-SoyMeal still $60 costly to LY
CPO coming close to SoyOil:Effect of KLC big crash-CPO Premium to spot mth SoyOil drops Half in 4 days to $54 Ton-RBD Olin July quoted below SoyOil-Argntna Soy/BlackSea SunOil spread narrows on Argntna prices drop
Argntna Brzl mounting supplies, Palm Forward mths discount to Soy effect:-Spot/Forward quotes at Par-Cbot forward at Premium even Argntna Brzl SoyOil flat in Spot/Forward-Brzl Premium over Argtna fades:Result of higher supply-US new crop may elevate so Argntna hikes discount to counter USA
Malaysia palm:May 920$+0Jun 900+0Jas 867.5+5
Malaysia PalmOil Fob Prices @ Midday Close
Midday Market CloseBmd : Jul 4021 (+9)H 4028 / L 3987Vol : 42,633 OlnMay 920 vsJun 900 vsJas 867.5 vs 860Ond 860 vs 852.5Jfm 865 vs 857.5 Rbdpo: -5 Strn: May 925 (deld)Pfad: May 795 (deld) Local Cpo: Apr 4230 Laurics: May 320 (pk) / 323 (pg)Rbdpko: May 1260Rbdpkoln: May 1190Rbdpks : May 1360 Sbo …
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KLC MID CLOSE +9 RM
10:02#KLC(MID CLS)+10+7+9(JULY4021)+6/JULY:H/L:4028/3987ECBOT:SOYOIL+0.25,ML-0.1,SD-0.5CASTOR:5777-25GUAR:5540/5622(+22/+22)COTCK:2582-6GLD:72548/72785SLR:83633/85247