HongKong Investment Bank say–KLC wud not take much time once Prdn begins to recover-stoks likly to build from April on prdn growth
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*Punjab/All Refined Oils quoted Rs 98/99kg *Malasia PalmOil Prdn recovery begins to weigh on KLC
*Punjab/All Refined Oils quoted Rs 98/99kg *Malasia PalmOil Prdn recovery begins to weigh on KLC
*Brazil ships 68 LacTon Soybean in 2weeks*Nopa reports Plants March SoyOil stok higher than expect*USA RapeOil/RapeMeal Import can surge-Yr Import RapeOil 30 LT/Meal 36 LT
Ports Soy shortage result–Kandla Cif/Highseas eased little but Indore Ref adds Rs 3kg in April-Ref quoted Rs 5kg over Landed cost at Ports
KLC on down track-begin day session 30 RM down-erodes April All Gains/Now 86 Ringit below 31 March closing 4197 RM
Malasia CPO Prdn on recovery-March Prdn in Past always elevates than Feb-March 24 Prdn 10% higher to Feb vs 3% LY
Thailand in No mood to pay high Prices for India RapeMeal-SoyMeal offered $405 Thai Ports-wants RapeMeal cif $245 so RapeMeal need to drop Kandla to $195 to attract Thail buy
Sh Sudhakar Desai say:-Soy/SunOil has room to add 5-6%-Palm usually Trades $100/200 below SoyOil-need to correct $50/60 for demand revival in India-Soy Sun to remain prefered Oils on Prices so India buy wud surge
*UAE finds new Rape supplier:Brazil*Spain ExtraVirgin Olive Oil crash $700 in 2 week*Ukraine Oils/Oilseeds stok lower than LY-April Sun crush/SunOil Exports to drop