Total U.S. biofuels operable production capacity fell slightly in February, according to data released by the U.S. Energy Information Administration on April 30. Feedstock consumption was up when compared to both the previous month and February 2023. Total biofuels production capacity was at 23.721 billion gallons per year in February, down 39 MMgy when compared …
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CIF MAY Shipment 950$ (Vessels arriving 15-30 JUNE) XRs.83.83(incl Prem) +Duty Rs.4409@5.5% +Port Exp 1500 =Landed Cost SUNOIL Crd Rs.855 +Refining Rs.50 =SunRef Cost Rs.905 (vs Kandla spot quote 905 for Vessels already arrived)
*Sh Sandip Bajoria see VegOils Mkts sideways $30 Ton in May-PalmOil Prdn elevating so Mkts corrects in April-India Palm Soy buy wud expand/SunOil Off season on door*Sh BV Mehta say:India needs 90 LT PalmOil in year-Palm if costly, Imports wud drop 10% but India needs Palm at any Price
CIF MAY Shipment 926$ (Vessels arriving 15-30 JUNE) XRs.83.83(incl Prem) +Port Exp Rs.900 Ton =Landed Cost Rs 785(vs SoyDgm Kandla H/S quoted 820 Rdy/Fwd 815) +Duty Rs.4451Ton@5.5% +Refining 30 =SoyRef Landed Cost Rs.859 (vs Kandla quote 895 Vessels already arrived)
C&F MAY Shipment 907$ (For Vessels arriving 15-31 MAY) XRs.83.59(incl Prem) +Duty Rs.11280Ton@13.75% +Port Exp Rs.1200 Ton =Landed Cost Rs.882 10kg (vs Kandla spot quoted 900 or Vessels already arrived)
C&F MAY Shipment 932$ (Vessels arriving 15-31MAY) XRs.83.59(incl Premium) +Duty Rs.4382 Ton@5.5% +Port Exp Rs.1200 Ton =Landed Cost Rs.834 10 kg(vs CPO Kandla H/S quoted 889) +Refining Rs.45 =Landed Cost Palmoln Rs.879 (vs Kandla spot quoted 900 for Vessels already arrived)
KLC drops 383 RM in April after adding 474 RM in Jan/March-May mth sounds bearish for VegOils on supplies recovery-Funds fear May losses wud Wash-Out Jan/March all run-30April KLC closing just 132 RM addition to 1 Jan Open 3682 RM-April mth Opening to Close Volatility 421 RM highest of Yr
*Kandla Mundra Jan/April PalmOil imports 8.55 LacTon equals SoyOil 8.52 LT*Kakinada PalmOil Imports 1.83 LacTon trails SunOil by 10%*EastZone maintains preference for PalmOil-Jan/April PalmOil Imports exceeds 57% 1.73 LacTon to SoyOil 3.10 LacTon*Krishnapatnam PalmOil Imports 3 times to Sun
April VegOils Imports reported 13.50% 1.55 LacTon extra to March 11.49 LacTon but import surge fails to dent VegOil Prices in Indian Mkts-Month imports continues to drop since peaking in Aug Sep so India pipeline turns drier-Higher April Imports only helps to ease supply shortage
Indonesia CPO Premium to KLC averaged $110 Ton in May vs Last Year $188 Ton-KLC in USD adds $57 Ton since Dec/CPO $140 Ton hotter