Category Archives: Reports

Brazil Feb Soy Exports may hit 85 LacTon/20% more to Last Year but Meal Exports wud shrink 4 Lt to 14.30 LT

*US Mississippi River water stoks drops further on lack of Rains/Water level drops unusually*USDA may stay with US season Soy Export estimates-wud hike crush estimate, offsetting lower Exports

*Malasia RM weakens 3.70% in 2024/still Experts see sharp recovery by Year end on hope US IntRate cut *Argntna GroundNut Crop to recover fast from Last Year drop at 6.29 Lt, may equal 2yrs ago over 10 LacTons on gud weather

Canada Canola crush elevating on US higher CanolaOil demand-Aug/Jan crush 55.14 LT/12% more to LY-Canada shipping less Canola to retain more supplies at Home for Crush

CotRefined positive reaction on season Prdn dropping 25% from LY 4.27 LacTons-Prdn since Oct dropping fast vs Last year-Further Prdn to drop more

MPOC reports India Jan VegOils stok drops to 8 LacTon vs LY 10.65 LT-stoks peaked 13.75 LT in Sep/now 42% below peak-SunOil stok Half to LY 2.29 LT-Jan SoyOil Stok matches Jan 23, Dec 23

SoyOil Refiners reaps very high margins on Ports Stok drop-Plant RefOil Quoted Rs 9kg over Import Cost

*Trade Sources feel India VegOil mkts can see Profit taking after Rally *Amspec reports Malasia Feb PalmOil Export drops big 2.55 LT/21% so demand drops faster

Kandla Mundra Ports SoyOil stok continues to drop-Stok mid Jan reported 2.03 Lt-Now stok 75000 Ton so stok drops 60% in 6weeks-Palm Stoks too drops 30% to 1.30 LacTons-SunOil stok continues to grow

Trade Officials today had a meeting with Consumers Affairs Min-Officials clearly said:VegOil Duty revision consideration possible only after May Elections-PM Modi shouts:India Poverty lowest then Why Govt worry for loosing Votes/Seats if VegOils Prices elevates on Import Duty Hike effect