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Kandla Mundra Ports SoyOil stok continues to drop-Stok mid Jan reported 2.03 Lt-Now stok 75000 Ton so stok drops 60% in 6weeks-Palm Stoks too drops 30% to 1.30 LacTons-SunOil stok continues to grow

Trade Officials today had a meeting with Consumers Affairs Min-Officials clearly said:VegOil Duty revision consideration possible only after May Elections-PM Modi shouts:India Poverty lowest then Why Govt worry for loosing Votes/Seats if VegOils Prices elevates on Import Duty Hike effect

Farmers protest for MSP Guarantee continues-Agri Min refused:No Agenda to revive talks with Farmers-Parliament Elections only 70 days away-Political Pundits say Farmers revenge may cost BJP with lesser Seats-Wheat Gram Mustard crops big so Farmers worry of Prices wud drop below MSP

Malasia FinMin says:-RM to recover 4.50 by Mid Year-say Ringit slide lowest compared to Yen Baht

*WorldBank feel India US China Cotton prdn below Last Year so Prices can rise Modest*Russia bans Gasolin Exports for 6mths*China Soy Futures Ist time since Jan 22 drops below RBD

Argntna President key Speech soon-may deliver ‘Suprise’-Argntna Exporters Forex Reserves highest since April

European market The approach of the closing date for March 2024 wheat contract on Euronext has meant a wide range of variation since the start of the week. The gap between the high at the start of the week and yesterday’s low was -17.50 €/t. Yesterday’s further decline has pushed the nearby maturity to trade …

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KANDLA Port Stock 24 Feb:RBD 39640 Ton/Soy 41492/CPO 82621/SunOil 18737/PFAD 19154MUNDRA:RBD 5701/Soy 33314/CPO 6090/CPKO 1054/SunOil 7684/PFAD 190

*Argntna SoyOil doubles discounts to Cbot slide in Feb *US may curb China’s Used CookingOils Import, replacing with Local SoyOil, to boost Canada CanolaOil use