Author Archives: 919810285269

SPPOMA 1st – 25th March 2024Overall Summary:Yield : + 12.84%OER. : – 0.10%Production: + 12.31%

*India may continue OMS Wheat/Rice even Post Elections*KLC drops in Ist session on lack of China Futures support*INR firms 13Paise in Feb/drops 51 Paise Value in March:may return to 83 by April

Pak:big relief on PalmOil Import Bill-Aug 22 Import worth $40 Crore-FY 2024:average $24 Crores

Malasia RBD Stearin discount to RBD Olin narrow to lowest $20/Ist time since Nov-Stearin demand surges in March

USA President Biden shows courage to stand with Gaza Civilians-allows passing Bill in UNO for Cease Fire without standing with Israel

World Top Origins Soy crush Dec/Feb elevates 37 LacTon vs LY-so SoyOil Prdn 6.60 Lt higher to LY/Meal supply advances 30 LT

*China PalmOil buy may jump coming weeks as Jan/Feb Import drops to 4 LT*Iran SoyMeal buy may grow 5-6 LT in Oct/Sep*Indonosia Limits Import of many Products by Air-Passengers to encourage buy from Local Mkts

*Mumbai overtakes China for Billionaires Hub*Argntna Grey Mkt Peso weakens further-Bank Peso trades 12% below GreyMkt

Dec/Feb World Soy Export advances only 3.67% 47 LT vs LY-Exports peaked in March/May Qtr on SouthAmerica crops harvest-LY March/May Export 226 LT more to Dec/Feb 340 LacTon