बायो डीजल ब्लेंड के कारण इंडोनेशिया संसार के सबसे ज्यादा पाम तेल घरेलू खपत में यूज कर रहा है। 2023 में इंडोनेशिया ने अपने सीपीओ उत्पादन का 41 फीसदी 211 लाख टन लोकल में यूज किया है। इंडोनेशिया में बायो डीजल में पाम ऑयल का यूज घरेलू खपत से भी ज्यादा हो रहा है।
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Malaysia Palm:Mar 890-2.5Apr 887.5-2.5Amj 872.5+0
*Haryana decides to buy Mustard in 104 Mandi’s*Various Govt Ministries holds meeting 28 Feb to discuss Rabi MSP buy-Wheat Target 300/320 LacTons-Rabi Rice 90/100 LT-Millets 6 LacTons
*International Agency say/Petro 4yr high demand to stay in 2024*Argntna continuing 2% Currency devaluation mth in March too
*Feb Industries prdn growth reported 5mths high, signals local demand continues to elevate *Bangladesh Refiners to cut SoyRef Retail Prices 6% after Govt few mths ago waived VAT on some Commodities
Indonesia World biggest PalmOil consumer:thanks to BioDiesel blend Programme-retains 41% 211 LacTon of year Prdn for domestic use-BioDiesl usage exceeds Local use for Food demand
*March mth begins with VegOils futures higher run thou gains limited on SoyOil higher supply assurance in season*ITS Reports Malasia Jan Feb RbdOlin Export 5.76 Lt/LY 6.06 LT
Indonesia PalmOil prdn peaked Oct 49.53 LT/follows Malasia trend-Prdn begins declining after peak/Dec Prdn 6 LT below Oct peak-Dec Exports revives after dropping fast in Nov-Dec Exports reported 24.51 LT/9.50 Lt below July peak 35.19 LT-Yr ends with 46000 Ton higher stoks than LY 30.99 LT
FinMin Mrs Sitaraman says:-Black Money/Undisclosed Money search issue has not ended yet-Govt Agencies wud continue to identity such Offenders
Cbot Soybean recovers today on fresh Export demand-Futures drops to fresh 3yrs low last night-but South America higher Supplies to curb Cbot rally