CANBERRA, May 14 (Reuters) – There are early signs that a La Nina weather event may form in the Pacific Ocean later this year, Australia’s weather bureau said on Tuesday. A La Nina would have significant consequences for global agriculture because it typically brings wetter weather to eastern Australia and southeast Asia and drier conditions …
Continue reading “Australian weather bureau sees 50% chance of La Nina this year”
U.S. announces new tariffs against China Brazil crop agency raises soybean estimate U.S. winter wheat rating stays at four-year high Chicago Board of Trade Soybean futures dipped on Tuesday as analysts said the market was disappointed that U.S. President Joe Biden’s administration did not include used cooking oil on a list of tariff increases on …
Continue reading “Soy falls as cooking oil imports excluded from China tariffs: Reuters“
Bk Mustard:-Bottle 123-15 lt jar 1780SunFlower:-1 lt pouch 97-1 lt bottle 103-15 lt jar 1485-15 kg jar 1610Soya pouch 102Call 8937001002
Malaysia 1-15 May 2024 vs. 1-15 Apr 2024 palm oil export (in mt)ITS: 600,777 vs 633,680 (-32,903 or down 5.19%)Amspec: 574,760 vs. 697,449(-122,689 or down 17.59%)
Malasia April/June Exports may not grow much on lack of Festivals in World’s biggest user India-CPO wud regain discount to Soy Sun soon*Malasia April CPO stok ratio to mth Prdn 64.15%-Jan ratio 75.32%-Feb ratio 81.49%-March ratio 57.25%*Malasia CPO+Olin share in Mth Exports remains 50%
Malaysia TA Securities say:-Be ready to accept Malasia PalmOil stok surge in 2Qtr/April June-Foreign Workers returns to Jobs after Ramdan:wud speedup harvesting-Malasia Labour Shortage Now No big concern-Most Plantations reports adequate Labour Force for harvesting FFB-Prdn begins recovery
*Ukraine SunMeal Quotes now close to 2019 Year average $209-Ukraine higher Crush gluts markets*Philippines/Indonesia CopraOil $200 Ton hotter in 3 mths*Rotterdam CastorOil lost $100 Ton in 2mths*Canada CanolaOil now trades $900 Ton below 2022 Year hot trend*Europe RapeSeed holds at $475 Ton
European market After reaching their highest levels since July 2023 for wheat (September expiry), November 2023 for corn (June expiry) and August 2023 for rapeseed (August expiry), prices corrected yesterday. European wheat even completely reversed the sharp rise that had characterised the start of the week. The violence of these movements can be explained by …
Leading Mustard OilMiller say:-doubt in KolhuOil to return to Rs 100kg lever next 45 days-Needy marginal Farmer has sold out his crop-Medium size farmer to wait few mths for Price discovery-lower Mills crush leaves supplies equal to demand so very few reasons for KolhuOil to break Rs 100