Malasia RBD Stearin discount to RBD Olin narrow to lowest $20/Ist time since Nov-Stearin demand surges in March
Category Archives: Reports
USA President Biden shows courage to stand with Gaza Civilians-allows passing Bill in UNO for Cease Fire without standing with Israel
World Top Origins Soy crush Dec/Feb elevates 37 LacTon vs LY-so SoyOil Prdn 6.60 Lt higher to LY/Meal supply advances 30 LT
*China PalmOil buy may jump coming weeks as Jan/Feb Import drops to 4 LT*Iran SoyMeal buy may grow 5-6 LT in Oct/Sep*Indonosia Limits Import of many Products by Air-Passengers to encourage buy from Local Mkts
*Mumbai overtakes China for Billionaires Hub*Argntna Grey Mkt Peso weakens further-Bank Peso trades 12% below GreyMkt
Dec/Feb World Soy Export advances only 3.67% 47 LT vs LY-Exports peaked in March/May Qtr on SouthAmerica crops harvest-LY March/May Export 226 LT more to Dec/Feb 340 LacTon
Argntna Plants Feb SoyOil stok drops 25% vs Nov 3.59 LacTon-SunOil stok 36% more to Nov 1.38 LT-now SunOil stok 50% of SoyOil vs Nov 28%
Paragua Crop harvest begins earlier than Argntna so Soy Exports to Argntna Peaks in March-March shipments to Argntna likly 11 LT, similar to LY
PARITY/DISPARITY OF SOYDEGUM/SUNOIL IMPORT
PALMOLIN Import parity at Kandla 26 MAR @12:19 PM:
C&F MAR Shipment 1030$ (For Vessels arriving 1-15 APR) XRs.83.46(incl Prem) +Duty Rs.10594 Ton@13.75% +Port Exp Rs.1200 Ton =Landed Cost Rs.977 10kg (vs Kandla spot quoted 955 or Vessels already arrived)