-USA high tariffs on UCO to benefit other alternate Raw Materials, not SoyOil-Canada Canola to benefit most as it is Seed Oil-SoyOil usgae in BioDiesel wud not elevate/Confirmed-BioFuels demand to weaken in few yrs on GasOil/Hydrogen higher applications
Category Archives: Reports
Proved again/Supply matters:
*Palm showed courage to trade over Soy SunOil on short supply-CPO now trades $100 below March peak $1000*Argntna SoyOil recovers all losses of past 45 days/now too close to March peak $927 Ton*SunOil supplies talked tight but stays silent-RBD/SunOil quotes equal
KolhuOil behaves contrary to record season supplies:
-Nafed/Hafed heavy buy leaves little for OilMills Crush-End April KolhuOil talked to touch Rs 95 in few days on Govt buy to finish 15 May-Mustard Supplies still abundant so Prices to remain in pressure-KolhuOil to follow Palm, Not Soy
PalmOil to remain Mover/Shaker in VegOils prices trend-
-Past 4 months PalmOil leads VegOils sector on short supplies-Wud now balance Other Oils on supply recovery-PalmOil wud least in price rise Despite Soy SunOil prices elevates on US UCO Policy/South America supply disturbances
VegOils Markets equations now differs to few days earlier-
*Malasia PalmOil supply crisis ends with Stocks growth so PalmOil begins to trade below SoyOil*SoyMeal supplies once termed highly surplus on South America record crops-now Meal on Hot seat*SoyOil:nearby supply tight/forward surplus
Lately talk of US levying higher Import Duty on Used CookingOils fueled India EdibleOil Markets, earlier penduluming in Malaysia easing PalmOil Supplies vs South America supply problems-Palm/SoyOil supply trend divergent paving high volatility-US UCO policy seen game changer till Matters cleared
JAI HIND!! JAI BHARAT!!
13-5-2024