*International Agency say/Petro 4yr high demand to stay in 2024*Argntna continuing 2% Currency devaluation mth in March too
Category Archives: Reports
*Feb Industries prdn growth reported 5mths high, signals local demand continues to elevate *Bangladesh Refiners to cut SoyRef Retail Prices 6% after Govt few mths ago waived VAT on some Commodities
Indonesia World biggest PalmOil consumer:thanks to BioDiesel blend Programme-retains 41% 211 LacTon of year Prdn for domestic use-BioDiesl usage exceeds Local use for Food demand
*March mth begins with VegOils futures higher run thou gains limited on SoyOil higher supply assurance in season*ITS Reports Malasia Jan Feb RbdOlin Export 5.76 Lt/LY 6.06 LT
Indonesia PalmOil prdn peaked Oct 49.53 LT/follows Malasia trend-Prdn begins declining after peak/Dec Prdn 6 LT below Oct peak-Dec Exports revives after dropping fast in Nov-Dec Exports reported 24.51 LT/9.50 Lt below July peak 35.19 LT-Yr ends with 46000 Ton higher stoks than LY 30.99 LT
FinMin Mrs Sitaraman says:-Black Money/Undisclosed Money search issue has not ended yet-Govt Agencies wud continue to identity such Offenders
Cbot Soybean recovers today on fresh Export demand-Futures drops to fresh 3yrs low last night-but South America higher Supplies to curb Cbot rally
Soy/Sun Ref /RBD Olin trades much higher to Overseas fob Values-Kandla SoyRef $290 Ton over Argntna Fob $852-SunRef $372 Ton over BlackSea Fob $750 Ton-RBD Olin $150 Ton over Indonesia CPO $925 Ton
Australia Weather Dept reports:-3rd Hottest summer on Record/3rd Wettest Summer in El Nino period-Warm Temperature to continue
Indonesia Malasia Officially appeals Europe Commission to defer compliance of De-Forestation Regulations to 2026 yr to allow Palm Planters to comply with EU Rules