India Refiners under-estimates Lower Import benefits-wud repeat past mistakes-Jan/March VegOil Imports approx 7 LT below LY 38.94 LT-high Refining margins infused Greed for higher Imports-April May Imports to surge 5 LT vs LY 25.75 LT-Jan/May 2024 Import wud short only 2 LT to LY 59.68 LT

SOYDEGUM Import parity at Kandla 27 MAR @11:59 AM:

CIF APR Shipment 1001$     (Vessels arriving 15-31 MAY) XRs.83.65(incl Prem) +Port Exp Rs.900 Ton =Landed Cost Rs 846(vs SoyDgm Kandla H/S quoted 875 Rdy/Fwd 860) +Duty Rs.4310 Ton@5.5% +Refining 30                        =SoyRef Landed Cost Rs.919 (vs Kandla quote 940 Vessels already arrived)

Agri Commodities Daily Report 27 March 2024

Prices of pigeon pea, gram and other pulses remain stableImprovement in wheat prices, decline in guar gum and seeds.New Delhi. Chana prices became stable in Delhi, although its prices had weakened on Tuesday. According to traders, no big rise in the price of gram is expected right now. If the weather remains favorable in the …