Ports SoyOil stok peaked 2.67 LT mid Oct-stoks continued to drop every week on low Imports-Feb Stok dropped 1 LT in mth to 68000 Ton-Argntna Brzl Soy crops big but SoyOil supply tight on own reasons-India March Import likly 2 Lt but most Vessels due in 2H-short supply to ease in few days
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Sun Soy CotRef inter spread now very low-Rs 95kg equal Tag Offers Consumer to Choose own Taste-Olin now Rs 2-4kg below Soy Sun CotOils-No chance of any Oil to hit Rs 100kg Tag-Soy/Palm supply to boost in few weeks so Supply worry wud ease-Brzl Argntna higher crush wud boost SoyOil supply
CotRef big run in Feb now halts:moves very slow-CotRef cheapest in Feb even on 25% drop in WashOil season Prdn-trades Rs 3kg below SoyRef/Rs 3 over RBD-CotRef now equals Soy:lost Tag of cheapest VegOil-RBD adds Rs 4-5kg in March/SoyRef Rs 3kg higher to Feb/CotRef adds Half of SoyRef run
Trade eyed Ports SoyOil low stok but RBD beats Soy in run-Cbot recovers 3.50% to Feb low-Argntna ready Soy recovers 11%-Indore Ref adds 10% to Feb low Rs 874
RBD on CPO shortage post best run-12kg hot since Dec/Kandla RBD now highest since March-KLC adds 10% since Dec/Kandla RBD 15% hot
Malasia CPO shortage placed PalmOil at Premium to SoftOils-CPO/RBD past 3mths trade at Premium to Soy/SunOil-PalmOil on shortage, SunOil on RedSea transit crisis behaved best among all VegOils-SunOil $50 hotter in March but still $50 below Dec high $850-CPO recovers $130 from Dec low $830
India Refiners burnt Fingers in past on Extra large Imports-believed SouthAmerica larger Soy crops wud keep Prices in pressure-Funds shouts of Brzl crop losses but Argntna double crop to LY keep Funds checked-Lower Imports, coupled with PipeLine+Ports Stok drop remain unnoticed to Trade
Market Dynamics:SouthAmerica record new Soy crops fails to dent price movements:India Mkts reacts positive on Ports Palm SoyOil short stocks-All VegOils moves to multi-mths high-thou Trade believes Brzl Argntna higher crops wud resist big price run-PalmOil shortage to ease very soon
Palm Funds makes rare history:-KLC never run high 3mths in row past 3yrs-finish last week 369 RM higher to 31 Dec close 3721 RM-surge 10% since Dec-last time KLC adds gains 3mth in row in June/Aug 2023-KLC Note worthy history/never adds gain in Y/Y past 2yrs-finish Year below past year
भारत की रिफाइनरीज ने पिछले महीनों में एक्स्ट्रा इंपोर्ट से अपनी अंगुली जलाई है।उन्हें यकीन था कि साउथ अमेरिका की बड़ी फसलें तेजी में रुकावट रहेंगी, मार्केट में दवाब रहेगा।तेल फंड्स ब्राजील की फसल को बड़ा नुकसान चिल्ला रहे थे मगर अर्जेंटीना की दोगुनी फसल ने फंड्स पर CHECK रखा।भारत में कम इंपोर्ट, पाइपलाइन और …