*India Leading Aanlyst assures:Soy Palm shortage to end in very few days *Ukraine/BlackSea SunOil sellers oversold/supply may tighten onwards June
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Argntna farmers Soy sales brisk:donot intends to wait new Soy Dollar policy-No drop in sales despite high rumour of attractive Exchange rate policy talk-farmers still holds srock of last crop:believed to be more than last season-Argntna last crop now counted 250 LacTon vs talk of 210 LT Argntna Govt says: No plan to launch another …
*Brzl some areas Temperature highest of decade 62 Degree *April:June Mkts depends on North America weather-Funds may act fast if dryness confirmed
Nopa reports US SoyPlants Feb SoyOil stok 12% higher to Jan-highest stok in Hand after June
VegOils bull Honeymoon seems over:Bharat Foods/Kandla offers high discount in forward SoyRef-April Rs 3.50kg below March Rs 102-May Rs 7kg below March-June Rs 8kg below March-MaheshOil offers April SoyRef Rs 955:945, Rs 3-4kg below Bharat Food
India Refiners Palm/Soy margins very high so Imports may elevate coming mths-15 LT mth Import needed to equal LY 162 Lt import
Malasia PalmOil Council KLC prediction bad news for Bulls-say KLC to trade in 3800/4000 RM range in April-South America ample Soy supplies to draw down KLC-Malasia March Stok wud not be higher than Feb on higher Local consumption
World EdibleOils Prices ease so India April/Feb Imports Value drops Rs 41555 Crores to Rs 1.14 Lac Crores-India Pulses prdn growing Still April/Feb Import Bill double of LY Rs 14262 Crores-OilMeals/Oilseeds Prices drops still India earns Rs 3700 Crores more on Oilseeds/OilMeals Exports
*Russia Ukraine new Sun crops Prdn may drop if adverse Weather continues Long *Turkey Farmers signals to switch from SunSeed on lower Farmgate prices-sowing begins in March
Ukraine Mills report SunOil Export demand weakening on $100 Ton rally in March/driven by Palm Soy-Crush to decline to 10 LT from 13-14 LT past 3mths-1/13 March Exports 2.35 LacTons