3:32#KLC(CLS)-93(A4405)-97(MY4274)-80(JUN4202)-71(JY4139)JUN:O/H/L:4244/4278/4183,33275 LotECBOT:SOYOIL+0.08,ML-3.8,SD-4.7RM 4.777 BRNT 89.20
Author Archives: 919810285269
IMD see India more than 80% areas to receive above Normal Rains
Proposal to Argentina Govt for lowering Export Duties
Latin America new source of Palm–Central America Exports elevates 70% in past decade vs South East Asia 14%
Monsoon Alert-IMD releases 1st Update–India to receive good Monsoon Rains-June-Sep LPA 106%-Southwest Rains above Normal
MPOB report Analysis-
Malasai CPO March stok drops further to 7.97 LacTon/big 4 LT below Dec 11.97 LT-March 2024 stok 24 mth lowest-RBD March Stok too further drop to 2.17 LT/18% below Feb-RBD March stok now 10mth low-CPO+Olin March stok 10.14 LacTon, 22% less to Feb-big 7 LT drop to Oct 17.30 LT March 2024 PalmOil stoks 17.19 …
Iran/Israel conflict effect-Sensex drops 380pt-Nifty lost 400pt-Petro drops as Investors lowers Risk Premium-US to stay away in Iran/Israel war:wud not support Israel against Iran
MPOB HIGHLIGHTS-
*Malasia BioDiesel Exports drops on low CPO availabilty*Oleo Chemical demand holds at 2.50 LT mth*CPO/Processed PalmOil March demand advanced 28% over Feb but CPO demand grows only 19000 Ton-All extra demand cornered by Processed PalmOil-CPO Overseas demand poor on Premium over SoftOil Malasia PalmOil stoks tight:even March Imports 21984 Ton everlow/Jan-March Import 1.50 LacTon less …
KLC drops further in 2H despite MPOB confirms CPO/Olin stoks drop further in March:Singapore Trader say–NO Physical demand-KLC can’t sustain-can drop to 3600-3800 RM in very few days-drops Normally before Ramzan-KLC 200/300 RM drop very possible-No shipment disturbed on Iran/Israel war