Author Archives: 919810285269

India Mkts Cools in Week as Trade see fresh Rally very limited unless Overseas quotes hots-Kandla SoyRef:No add in week/Re stays Rs 95kg-CPO Higheseaa adds Rs 1kg so RBD adds 1kg-SunRef Cools with Rival Oils-CotRef/Mustard Oil cools-RBO drops Rs 1kg as KolhuOil can begin fall Very soon

Cbot slides last night on Outer worries-Soy complex settles down on larger supplies pressure-KLC adds 51 RM last day as weaker Currency fuels Prices in USD-Petro drops 1% on China Economy growth concern-Share slides ahead FedBank meet-Gold hits record high on Int staying higher bets

India 2023 Year Un-Employment rate slips to 3.1%/lowest of 3yr

World Weather Orgn suggest:-60% likelihood of ElNino persisting in March to May:with 80% chances of Neutral Conditions prevailing from April to 10June-if LaNina weather conditions persists in June/Aug, India Rains can be better

Leading MNC view/says at POC Malaysia:-KolhuOil Trades Rs 7kg over SoyRef end Feb-KolhuOil wud drop with arrivals pressure so if SoyRef/KolhuOil Trades equal then Soy/KolhuOil both wud face tense as Consumer focus wud shift to Choice/not Price-India Mustard crop very large/Meal may struggle to catch demand

Leading Palm Planter says in POC:-KLC cud bottom 3600 RM medium term-Malasia Stoks to drop to 16 LacTons in 2mths-Stok if Elvates to 25 LT, bottom wud remain intact to 3600 RM-KLC cud cross 4000 RM/over 4200 RM chances depends on India Extra PalmOil buy-Soy can run if SA Weather disturbs

*Argntna Jan/March Soy Crush may remain 64 Lt/much more to LastYr*NonGM Soy Importers may see short supply on SouthAfrica crop 6 Lt below LY

2023 Year World CastorOil Imports reported 1 LacTon less to 2021 Year 7.40 LT-demand back at 2020 Year level 6.39 LacTons

US much ahead to Others in Used Cooking Oils usage in BioDiesl as Soy crop short of domestic demand-wise enough to hike BioDiesl Prdn with UCO-World UCO’s Import surge 15 Lt in 2yrs/US Import surges 13.50 Lt in 2yrs

*Brazil 2023 Year BioDiesl Prdn elevated 11 Lt/All prdn growth absorbed by 10 LacTon higher SoyOil use*US Raw Materials use in BioDiesel soars 40 LT in 2023 Year over to LY-Soy/Canola Oil absorbs half of Extra Feed stock usage*Used CookingOils share in BioDiesel Prdn soaring at very Fast pace