Category Archives: Reports

GoldMan Sach feel:-Gold to cross $3000 amid Geo-Political tense-say Commodities/Cash more valuable in Economy Uncertainty

Argentina Shippers fast in Soybean Registry for May Exports as Brazil face many hurdles-Registers 5.40 LT in 2days vs 4.44 LacTon in April-Registers 20 LT Meal/3.04 LT SoyOil/9.84 LT Soybean in 29 April-3 May 5days-May SoyMeal Scheduled shipments 20.10 LT-April Soy Import reported 31 LT

*Bangladesh Top buyer in Russia weekly Wheat shipment*Ukraine April SunSeed crush declines little/less than big drop expect-Mills diverting to RapeSeed on lower Sun stocks

South America trade puts Brazil’s Rio Grande floods Soy crop loss 20 LT-floods harming/delaying rest of 40% crop in fields

Cbot Soybean/Soymeal adds fresh on fear Brzl floods wud lower Soy crop-Argentina Soy crop slower harvest already had positive tone for Soybean/Meal Futures-KLC thou adds little Friday but Physical buy yet to speed up-VegOils Futures rather at risk on GasOil price drop:hurting BioDiesel usage

Reutor Survey:-Malaysia April PalmOil stoks drop to 1yr low amid uptake in Domestic Consumption in Ramzan Festival-Stocks dropped 6 mths in row to 16.80 LacTons-Exports dropped 7.80% to 12.20 LT amid competition from Rival cheaper Oils-however recent Price correction erodes Premium to Soy Sun

Past 3 days trade-Cbot adds 15pts-KLC adds 28 Ringit-Kandla RBD Rs 1kg off-Indore Soy firms little-Kakinada SunRef Rs 1kkg off-Mustard Kolhu stays-CPO HighSeas drops Rs 2kg

Notification no 24/2024-Customs-Seeks to amend specified customs tariff notifications to exempt applicable import duty on import of 07132020 i.e. Bengal Gram (Desi Chana). The duty till 31st Oct 2024 will be NIL.