Farmers protest for MSP Guarantee continues-Agri Min refused:No Agenda to revive talks with Farmers-Parliament Elections only 70 days away-Political Pundits say Farmers revenge may cost BJP with lesser Seats-Wheat Gram Mustard crops big so Farmers worry of Prices wud drop below MSP
Category Archives: Reports
Malasia FinMin says:-RM to recover 4.50 by Mid Year-say Ringit slide lowest compared to Yen Baht
*WorldBank feel India US China Cotton prdn below Last Year so Prices can rise Modest*Russia bans Gasolin Exports for 6mths*China Soy Futures Ist time since Jan 22 drops below RBD
Argntna President key Speech soon-may deliver ‘Suprise’-Argntna Exporters Forex Reserves highest since April
Global Market Scenario-
European market The approach of the closing date for March 2024 wheat contract on Euronext has meant a wide range of variation since the start of the week. The gap between the high at the start of the week and yesterday’s low was -17.50 €/t. Yesterday’s further decline has pushed the nearby maturity to trade …
KANDLA Port Stock 24 Feb:RBD 39640 Ton/Soy 41492/CPO 82621/SunOil 18737/PFAD 19154MUNDRA:RBD 5701/Soy 33314/CPO 6090/CPKO 1054/SunOil 7684/PFAD 190
*Argntna SoyOil doubles discounts to Cbot slide in Feb *US may curb China’s Used CookingOils Import, replacing with Local SoyOil, to boost Canada CanolaOil use
Feb Price chart:-Cbot Soy drops $32-Cbot SoyMeal March lost $40 Ton/Argntna Fob values drop $48-Cbot SoyOil March $30 off to 31 Jan/Argntna adds $16 Ton-so South America higher crops effect reflects in Soy/Meal Price drop-US ready Local Soy Prices drops $37 Ton in Feb/in line with Cbot
Brazil new Soy crop short than Expectation-SoyOil prdn may shrink by 10 LT/BioDiesel usage to rise 7 LacTon-Jan/Feb Exports likly 1.30 LacTon vs LY 4.24 LacTons
Price History:3 days of week-Cbot SoyOil +26pts-KLC +44 Ringit-Brent +$2.06 Barrel*India tone Positive:-Olin up Rs 1.50kg-SoyRef adds Rs 1.50kg-SunRef adds Rs 1.50kg-KolhuOil too Rs 2kg hot-CotRef hotter Rs 5kg-RBRef adds Rs 2kg