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India PerCapita Income Nowhere match USA-India Houses most Poors in Developing Countries-World Maximum Billionaires stays in USAStill India SunOil consumption highest in World–-India Yearly §unOil Imports 32 LacTon/US Imports remains less than 3 LacTon-Taste matters:so India Top consumer

PalmOil remains safer for India Trade despite overseas Palm trades at Premium to Soy/Sun–-Kandla Cif CPO marking $820 low atleast Once past 2yrs-Soy Kandla breaks May 2023 low $903 in April 24-CPO revisit March 23 $1070 high in April 24-2024 CPO Soy high’s unlikely to repeat again near term

-India:Mustard arrivals to surge-Malasia PalmOil Prdn begins recovery-Argntna SoyOil supplies to boom on arrivals surge-India:Hotter April May to dent House Hold Consumption-India Imports begins to elevate so Ports short supplies to end

KLC no hot trend in April/very small 82 RM add to 31 March–CPO/RBD nearby adds $15 Ton-Kandla Cif run limits to $15 Ton*Cbot 206pts off to 31 March–-Argntna SoyOil drops $16 Ton-Kandla Cif spot $43 hot on Ports shortage-forward mths post losses

China reports March imports of Soybeans at 5.54 million tonnes, down 19% from last March and below the month’s 5- & 10-year averages. This data suggests relatively weak Chinese soy demand.

The coming week will be crucial for the Indian equity market as any significant escalation in tensions could trigger panic selling and volatility.Every $10 increase in crude oil prices can cause CAD to expand by 40-50 basis points, and a higher CAD can affect investor confidence and weaken the country’s currency, which in turn, can …

Continue reading “Iran-Israel War: May push crude to $100, can trigger panic selling, volatility in equities”

*Israel says more than 300 drones and missiles launched at it from Iran, Iraq and Yemen, adding that the vast majority of them were intercepted.*Iran says it carried out the attack in response to an Israeli raid on the Iranian consulate in Syria on April 1 and says the matter can now “be deemed concluded”.