India excess ImportedOils supply burden easing fast-Ports/PipeLine stok peaked for 58 days of India usage in Aug-now supplies for 34 days use so Trade/Plants breaths from very large stock-March Ports CPO stok Half of Jan 3.30 LT-Olin stok 35% of Jan 2 LT-SoyOil stok nearly Half of Jan 2 LT
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Special report/Jan/March VegOils status-
*Kandla Mondra Ports supply key to Overseas Funds/watch supplies-Palm import 4.27 LT vs LY 7.30 LT-SoyOil Import 2.81 LT vs LY 5.81 LacTon-Jan March Soy/Palm Import shorts 6 LT*Haldia PalmOil Import 57000 Ton higher to Last year/SoyOil equals Last year 2.49 LT *Kakinada Jan/March PalmOil Import shorts 25000 Ton to LY 1.34 LT but SunOil …
USA share in World Soy Exports dropping-Ships Half Crop in 2016/17 season-now Ratio drops to 40%-Volume drops 130 LacTon since 2016/17
*Argntna SoyOil/BlackSea May SunOil quotes equal so SunOil discount to Soy fades*India local Palm Stearin Prdn to surge 40% in April on higher CPO Imports
USDA report effect:-Argntna nearby shipmemt SoyOil drops below $900 after 30 days gap-Brzl supplies tight so No selling for April/May shipments-Argntna spot/forward quotes as Par/No discount for forward-Brzl June/July Premium over Argntna naarows to $10 Ton-Brzl offsets Cbot $35 Ton drop
Mundra:Soy950Sun950Hazira:Soy960
आज भरतपुर सरसों मंडी में सरसों भाव लोकल 5042@ बोले गए
SOYRF:Nmch945-951Mandsaur948DHULE:Soy960Cot980RBD980Sun960Soybn4800SoyDoc42500
KLC PALMOIL MID OPEN : CONTINUES WEAKNESS
12:02#KLC-62(JUN4256)SUNOIL:870-2.6ECBOT:SOYOIL+0.07,ML+0.1,SD-0.8CHINA:SOYOIL-72,ML+18,SD-29,RBD-78INR 83.37 RM 4.767WTI 85.45 BRENT 90.04
SOYOIL PREMIUM:May-540JJ-620