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INR CLS 83.40(+0.03)O/H/L:83.31/83.30/83.31

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Govt Wheat stocks Multi-Yrs low, even Govt Agencies hardly source Storage space-Punjab crop hit by high Temperature

*Malasia asks India for additional 5 LT Rice*China Copper smeltors moves close to cut 10% Prdn*Bangladesh plans Tax Exemptions waiver to boost Receipts

US President BioFuel push risks dethroning Corn as king of crops-farmers favoured Corn over Soy for over 100yrs-Soy sowing to grow as demand for green Diesel surges-Govt more subsidy on Green BioDiesl set to fuel farmers to grow more Soy new season

Indonesia eats Malasia share in India Olin Imports:*2022 year share in India Imports–Indonesia 75.30%-Malasia 16.32%*2023 Year:Indonesia share elevates to 83.43%-Malasia share drops to 8.55%*India VegOils Imports:Relys only 4-5 Origins-90% of Sun Soy CPO Olin Import of 3-4 top Origins

SunOil trades $108 Ton over SoyOil in year 2022 at India Ports-2023 Year tone reverse/SunOil trades $56 Ton below SoyOil-Jan/Feb 2024 repeats pattern/SunOil average Cif $5 Ton below SoyOil*RBD Olin India Ports Cif continues to cost below CPO-average mth discount hovers $20 Ton

*Castor arrivals pressure dents Export Prices-Jan Fob Export Values $1500 Ton vs Dec $1603 Ton-Jan Values $310 Ton below LY $1810 Ton*Jan RBOil Export Prices $1843 Ton too $270 below LY $2100 Ton*China remains lone buyer of Raw GN Oil-Fob Export Values drops to $1740 with arrival pressure

US GM Crops status:-Corn 92%-Soybean 94%-Cotton 94%

Re-Sellers still active in VegOils mkts-Old low Rates delivery continues so hard for Plants to deal new bargains-Soy/RBD/Sun Ref Re-sellers quotes Rs 2-3kg below to Plants-Re-Selling may continue few More days-PipeLine turning Dry, chance of some recovery after Old low rates deals finish