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COOIT MOPA President Sh BabuLal Data Open Letter:addressed toPM Modi-Mustard Trade/Mills/Farmers in high crisis-Mills face high disparity so losses mounting-Mustard/Oil/OilCake Prices on down fall so Trade Mills Cash losses elevate-Many Mills closed-asks PM to review Import Duty Policy

SOYBEAN: Brazil exports a record volume in the first quarter of 2024

Brazilian soybean shipments moved at a good pace in the first quarter of this year, a result of term contracts closed in 2023. Players expect exports to continue intense in the coming weeks, based on the dollar valuation against Real, which tends to boost Brazilian trades. Data from Secex indicate that soybean exports totaled 22.09 …

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Sharp rise in global sunflower production in 2024/25

Global sunflowerseed production is expected to total 58.5M tonnes in 2024/25, according to forecasts by the International Grains Council (IGC) reported by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP). The increase in production was due to anticipated higher yields despite an approximate 2% reduction in planted area, the 22 March report …

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Palm oil production to normalise by June, offering relief to CPO prices

KUALA LUMPUR (April 8): The production of palm oil is expected to normalise in June this year, after it was hit by the El Niño weather phenomenon and will thus start to moderate the price of crude palm oil (CPO), according to IOI Corp Bhd managing director and chief executive officer Datuk Lee Yeow Chor. Lee said …

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Palm extends decline on profit booking amid soyoil weakness

MUMBAI/NEW DELHI: Malaysian palm oil futures fell for the third straight session on Monday after hitting a one-year high last week, as losses in rival soybean oil prompted profit booking. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed down 45 ringgit or 1.04%, to 4,298 ringgit ($905.03) a …

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ARG/BRZL SOYOIL/SOYMEAL BASIS/FOB-

SOYOIL Basis/Fob vs CBOT:ARGENTINA-Apr-520/-730(Fob Seller 941.36$/Buyer 895.07)+11$May-570/-780(930.34/884.04)+11JJ-720/-850(909.40/880.74)-14BRAZIL-Apr No Slr/-620(NS/919.32)May-520/-790(941.36/881.84)-15JJ-700/-880(913.81/874.12)-17 ARGN FOB SUNOIL:Apr/May Slr 890$/Byr 840(-10$) SOYMEAL Basis/Fob vs CBOT:Argntna(46.5%):May+12/+5(Fob Slr 383.60$)+3$Jun+6/+0(380.40)+3Brazil Plt(48%):May ?/-1JJ+1/-1(374.89)+2Aug+8/+3(383.27)+4Sep+8/+3(383.82)+3USA Gulf:Apr+27(400.13)+4May+23(395.73)+3JJ+22(398.04)+4

COOIT MOPA President Sh BabuLal Data Open Letter:Addressed toPM Modi-Mustard Trade/Mills/Farmers in high crisis-Mills face high disparity so losses mounting-Mustard/Oil/OilCake Prices on down fall so Trade Mills Cash losses elevate-Many Mills closed-asks PM to review Import Duty Policy

Vegoils commentary: CPO selling-through continues, CME soyoil plummets Crude palm oil (CPO) futures prices in Malaysia slid on losses across the vegoil and energy complexes and profit-taking activities. The most-active third-month CPO futures contract for June delivery on the Bursa Malaysia exchange (BMD) closed at 4,298 ringgit ($905) per tonne on Monday April 8, down …

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