PT Astra estimates-120 LacTon CPO used in BioDiesel/9 Lt used in Food use so Indonesia 210 LacTon CPO used locally-Local use ratio to Prdn 41%-Indonesia plans 100% BioDiesel blend for Vehicles-100% BioDiesel Plan wud be desaster for PalmOil Refiners as it wud halt Processed PalmOil Export
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Malasia Palm Sector still faces Foreign Workers acute shortage/Approx 40000-Plantation Min admits PalmOil sector loosing upto 8 Billion RM year Export Income because of Low harvest of FFB-Home Ministry/HRD Min blockade foreign workers entry
GLOBAL MARKET SCENARIO-
European market With the exception of the March 2024 wheat contract, prices on Euronext yesterday rose on all wheat, corn and rapeseed contracts, both for the 2023 harvest and for following periods. For new crops, the current rainy conditions in France are still a cause for concern for the advance or finalization of sowing of …
Mundra:ROL 88000 upto 15 MarchRSO 95500 upto 15 MarchRSO 94000 15-30 MarchRSO 93000 01-15 AprilRSFO 93500 upto 15 March Hazira:ROL 89000 upto 15 MarchRSO 96500 upto 15 MarchRSO 95000 15-30 MarchRSO 94000 01-15 AprilRSFO 94500 upto 15 March
SOYREF SPOT
INDORE SOYA REF RTSPRAKASH 935 VIPPY/MAHESH 937 AVI/MADHURI 940 LAXMI 945 NEEMUCH MS 940SHUJALPUR LIVING 942NEEMUCH DHANUKA 950
DORB/PP
Jayshree : 14,600Sita (Durg) : 14,500Sita (Ngp) : 15,000Chaitanya : 14,300Kamal : 14,600Jaidurga : 14,500Ramdev Ngp : 15,000Bramhpuri : 17,100 DeliverySaibaba NGP : 15,100Bhagwati : 15,000S K Arang : 15,000Panchsheel : 14,600Om Oil : 14,500
RBD/Soy CotRef zooms equal Rs 7kg since Dec-SunRef washed Jan Rs 5kg run-KolhuOil now trades back at 31Dec level-RBO follows KolhuOil so No topic to discuss*KolhuOil Trades Rs 12kg over Indore Ref 31Dec-now spread narrows to Rs 5-SouthAmrica crops big, still No Room for Mustard Refining
Doubts in VegOil rally to sustain-SunOil again in pressure/cheapest Oil in All Origins-Turkey Ukraine Europe prices easing-so SunOil longs Not seen safer-Cbot thou adds but rally temporary as US Home Stocks booming-Mustard Supplies to pressure next 20 days so SoyOil shortage to ease
Feb mth turned Bonus for VegOils Trade-Ports SoyOil low supply adds charm in Trade-VegOils zooms in India despite SouthAmerica higher crops-Origins PalmOil supply talked tight but No hot run overseas-Soy/Cot/RBD makes no head way in Jan but hotter in Feb-SunRef hot in Jan/crash in Feb mth
Argntna Brzl SoyOil April Shipment adds $43 since Jan-Kandla Cif soars $47-HighSeas Rs.8 kg hotter-spot Indore Ref adds Rs 6.20kg*BlackSea SunOil drops $55 Ton-Kakinada SunRef lost Rs 5kg since Jan*CPO Indonesia adds $32-Kandla Cif gains $48-HighSeas jumps Rs.5-Kandla Olin adds Rs 5-6kg