*USDA predict India need to Import 20 LT Wheat in season despite crop likly record*View:Risk of more times US Fed IntRate cuts than fewer*DowJones post steep losses
Author Archives: 919810285269
*EU RapeSeed crush slows on low Import in season*Russia Jan/Feb Sun crush 35% extra to LY
Ukraine 1-27 March SunOil Exports 27000 Ton more to Feb 5.26 LT-Mills/Plants SunSeed demand exceeds supply-Plants crush may drop 3 LT to 10 LT onwards April-SunOil buy brisk on Prices lower to Other Oils/India buy wud continue
India SunOil Imports continues to rise on deeper discounts to Palm Soy*Sandip Bajoria says:-PalmOil remains costlier to All Oils on supply concern-India April May SunOil Import wud too soar, lowering BlackSea Inventories-India March VegOil Imports hit 6mth high
KLC adds 1% Tuesday, driven by Funds short covering/Petro Cbot strength as supply still remains tight-Cbot SoyOil too gains but pares Half of early gains
North Zone Palm SoyOil shortage may prolong for more mths if more Imports donot lands at Ports-PalmOil Jan/March Import 4.32 LT/shorts 3 LacTon to LY-SoyOil Imports too 3 LT less to LY 5.81 LT-Jan/March Palm Soy Import shorts big 6 LacTon vs Last Year-Import shorts only in Kandla Mondra
Argntna Farmers low Soy selling effect may fully offset by higher Import from Paragua-Govt discussing ways to hike Soy complex Export Revenue with Shippers-still No clarity on timing of new Dollar Soy
*Argntna Soy Crop GE rating 79%*Vietnam SoyMeal consumption rising/CY estimate 60 LacTons-Soy import likly 25 LacTons
*Ukraine new Sun sowing to expand 2.50 LacHec/sowing begins in few areas*Reserve Bank may cut RepoRate only in 3rd Qtr*Income Tax Tribunal Rules:Addition of unexplained Incomes can’t be added based on mere suspicion
Trade Sources says:-Kandla Soy PalmOil shortage continues-CPO shortage continues so Olin delivery took 4-5days-No SoyRef availability-Marriages to begin in April 2H so demand to remain high but shortage not to ease next 20 days