Author Archives: 919810285269

India April/March CastorOil shipments surges 7% to 6.46 LacTons-Feb March shipments 65000 Ton/year high

*Malasia Ringit weakens on Fed Bank harsh comments on Int Rate cut/KLC firms on weaker RM*Petro see another drop on FedBank denial to cut Int Rate

ITS estimate Indonesia April PalmOil Exports 17.98 LacTon, lowest of Multi-mths-CPO April Export 116039 Ton/lowest of 12mths-Olin April shipments thou dropped 93000 Ton to March 7.83 LacTon

*GoldMan Sach CEO says:see No Fed Bank rate cut in 2024 Year*Malasia says:-No risk of Covid infection from Singapore/Malasia Cross Border Travelers

USA Administration Laids Farm bill in Senate-approves Sustainable Aviation BioFuel as Advanced BioFuel-more Funds for BioFuel Sector-higher Loans to marginal Farmers

Russia Agri Ministry reports:-SunSeed stock 1 May 11 LacTons/31% drop to Last Year-All Oilseeds stocks 24 LacTon/drops 29%

*IT Tribunal Rules:-As per settled Principle of Law, burden rests on Assessee to provide Sufficient cause which prevented him Filing Appeal within prescribed period of Limitation*GST Ruling:-Assessee shuts business/Informs Legally to GST-No Business activity on given address so GST Regn cancelled

India dependence for PalmOil continues with only Malasia Indonesia as Other Origins Prdn very tiny-CPO 86% Import needs met by Indonesia Malasia-93% RBD Olin Import of Malasia Indonesia Origin*SoyOil:India 86% Import of 3 Origins Argntna Netherland Brzl*Russia replaced Ukraine for SunOil

Brazil Jan/April SoyOil shipments 4yrs low 3.92 LacTon-less than Half to LY 8.67 LT-Jan/April shipments to India too drops to 3yrs low 2.43 LacTon*Argentina make-up Brazil Export drop-Jan/April Exports to All Destinations 4yr high 15.91 LacTon/nearly double to Last Year 8.17 LT

-Golden chance to place PalmOil at wider discount to SoyOil-Malaysia Prdn begins recovery so needs demand revival to absorb extra supplies coming mths