Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Today is the USDA day and we will get lot of reports and data is expected to be deciding nearby course of action on Veg oils. Sunflower oils unlikely to be effected from it and the sellers will continue to keep forwards are premium. If we go by history sunflower oil mostly will remain at the current levels and bean oil will move up to narrow the gap in forward months. Indians like other destinations are keeping quiet except for one demand for the JAS month. Most of the destinations are fully booked and will only come back in to market if the demand goes up or they see a clear cut bullish picture.

 

  • Palm Midday Market Close
  • Bmd: 2543 (-24)
  • H2558/L2537
  • Vol: 17,564

 

  • oln:
  • Feb 657.5
  • Mar 660
  • AMJ 660 vs 657.5 trd 660
  • JAS 650 vs 647.5
  • OND 647.5 vs 640

 

  • rbdpo: -2.5

 

  • strn: Jan 667.5 (deld)
  • pfad: Jan 627.5 (deld)

 

  • Local CPO: Jan 2540

 

  • Indon CPO:
  • Jan 642.5
  • Feb 645
  • Mar 652.5
  • AMJ 662.5
  • JAS 652.5

 

  • laurics:
  • cpko: Jan 303
  • rbdpko: Jan 1400
  • rbdpkoln: Jan 1240
  • rbdpks: Jan 1650

 

  • 6 ports Europe sfo opening Jan 767.5 v 760, Feb 775 v 770, March 790 v 780, AMJ 802.5 v 797.5, JAS 825 v 815, OND 810 v 802.5
  • Black Sea sunflower oil JF 750 vs 745, March 755 vs –, AMJ 767 vs –, JAS 775 vs –
  • Russian sunflower oil offered at USD 740 for nearby
  • Spain offered at USD 800 vs –
  • Italy offered at USD 795 vs –
  • CIF India offered at Feb 802, Mar 805, Apr 809, May 811 and June 815
  • Turkey offered at USD 790 vs—
  • Currency INR 63.61, RM 3.96, Euro 1.21 and Rub 56.50

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

A very happy new year to everyone.  Very cold conditions in USA may result in a positive start to Agri commodity futures tonight. Palm is already finding good support and we see demand in India for all oils. Ukraine sunflower oil is not discussed as most of the markets are closed and will resume after their Christmas.

 

  • Palm Oil Market Close
  • Bmd: 2532 (+29)
  • H2548/L2526
  • Vol: 29,942
  • oln:
  • Jan 640
  • Fm 647.5 vs 642.5
  • Amj 662.5 vs 657.5 trd 658-660
  • Jas 655 vs 650 trd 652.5
  • Ond 650
  • Jfm 655
  • rbdpo: -2.5
  • strn: Jan 642.5 (deld)
  • pfad: Jan 617.5 (deld)
  • Local cpo: Jan 2500
  • Indon cpo:
  • Jan 640
  • Feb 647.5
  • Mar 657.5
  • Amj 667.5
  • laurics:
  • cpko: Jan 300
  • rbdpko: Jan 1370
  • rbdpkoln: Jan 1200
  • rbdpks: Jan 1590
  • 6 ports Europe sfo opens jan 760 feb 765 mch 775 amj 800 jas 815 ond 802.5 awaiting first bids
  • Black Sea sunflower oil AMJ 755 vs –, JAS 765 vs –
  • Russian oil offered for near by at USD 740 vs –
  • Spain /Italy not offered
  • CIF India indicated Jan 800, FM 805 and AMJ 810 indicatively
  • Turkey offered at USD 800 vs –
  • Currency INR 63.51, Euro 1.20, RM 4.01, and Rub 57.23

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil markets takes a breather today after 3 days of rally. Oils have bounced from lows and we expect not much movement before we open new year. View from most of the traders is sideways movement and thus there is little chance for any major correction or rally. Ukraine sunflower oil sellers are busy preparing for holiday plans and also Christmas on the 7th of Jan. Till then offices will work with skeleton staff. Indians are struggling with disparity lack of demand and forced selling coupled with uncertainties, hence we will not see buying support for nearby cargo.

 

  • Palm oil Market Close
  • Bmd: 2520 (-18)
  • H2533/L2508
  • Vol: 26,632

 

  • oln:
  • Jan 625
  • FM 642.5
  • AMJ 652.5 vs 647.5 trd 650
  • JAS 647.5 vs 640/42.5
  • OND 645

 

  • rbdpo: -2.5

 

  • strn: Jan 630 (deld)
  • pfad: Jan 602.5 (deld)

 

  • Local cpo: Jan 2460

 

  • Indon cpo:
  • Jan 632.5
  • Feb 640
  • Mar 647.5
  • AMJ 657.5

 

  • laurics:
  • cpko: Jan 298
  • rbdpko: Feb 1355
  • rbdpkoln: Feb 1205
  • rbdpks: Feb 1595

 

  • 6 ports Europe seller JFM 772.5 AMJ 805 JAS 820 OND 805 JFM 820
  • Black Sea sunflower oil JFM 755 vs 742, AMJ 765 vs –
  • Russian sunflower oil offered at USD 745 vs –
  • Spain offered at USD 800 vs –
  • Italy offered at USD 795 vs –
  • CIF India offered J 795, FM 800, AMJ 810 vs –
  • Turkey offered at USD 800 vs—
  • Currency INR 64.09, Euro 1.1927 , RM 4.06 and Rub 5.53

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Merry Christmas and a very happy new year to everyone. As the year comes to a close we are seeing veg oil prices near bottom. Palm today registered a much needed impressive recovery. Palm got support from short covering and also increased export numbers. This helped sunflower oil also to open firm with FOB sellers asking for USD 755 for JFM . India – it’s the same story of lack of demand as most of the sellers trying to undercut the competition and rushing to book loss. Currently sunflower oil is cheapest in India compared to other destinations and imports are growing. We expect prices on sunflower oil to rebound the moment we see replacements going higher.

 

  • Palm oil Market Close
  • Bmd: 2504 (+53)
  • H2505/L2451
  • Vol: 20,220
  • oln:
  • Jan 620 (deld)
  • Fm 635
  • Amj 645 vs 640 trd 636.5
  • Jas 640 vs 635
  • Ond 637.5
  • rbdpo: -2.5
  • strn: Jan 617.5 (deld)
  • pfad: Jan 597.5 (deld)
  • Local cpo: Jan 2450
  • Indon cpo:
  • Jan 627.5
  • Feb 635
  • Mar 642.5
  • Amj 650
  • laurics:
  • cpko: Jan 300
  • rbdpko: Feb 1360
  • rbdpkoln: Feb 1210
  • rbdpks: Feb 1600

 

  • Black Sea sunflower oil JFM 755 vs –, AMJ 765 vs —
  • Russian sunflower oil offered at USD 750 vs –
  • Spain offered at USD 800 vs –
  • Italy offered at USD 795 vs –
  • CIF India Jan 800, Feb 802.50, March 805 and AMJ 810 vs –
  • Turkey offered USD 795 vs –
  • Currency INR 64.05, Euro 1.1857, Rub 57.70, and Rm 4.08

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Veg oil continues to remain dull with palm really showing major correction. At the time of writing this MDEX down 52 points as the production was down only 2.6% against expectation of 12%. This would have impact on stocks and as such the demand is not exciting in veg oils. Ukraine sunflower oil sellers are mostly on holiday and thin markets are getting influenced a lot by CBOT and Palm. Though as such fundamentals for sunflower oil are strong as the crop of Ukraine and Russia is lower then earlier estimates. Indians are bleeding with new sunflower oil coming at higher cost and lack of demand with already dull markets resulting in huge disparity.

 

  • Palm oil Market Close
  • Bmd: 2449 (-50)
  • H2490/L2442
  • Vol: 53,109
  • oln:
  • Jan 605?? trd 608
  • Feb 620 vs 612.5
  • Fm 625 vs 617.5
  • Amj 635 vs 632.5 trd 642.5-634
  • Jas 629/? vs 625
  • Ond 625 vs 617.5
  • rbdpo: -2.5
  • strn: Jan 615 (deld)
  • pfad: Jan 592.5 (deld)
  • Local cpo: Jan 2380
  • Indon cpo:
  • Jan 617.5
  • Feb 625
  • Mar 632.5
  • Amj 640
  • laurics:
  • cpko: Jan 286
  • rbdpko: Jan 1310
  • rbdpkoln: Jan 1190
  • rbdpks: Jan 1600
  • 6 ports Europe Sfo jfm 782.5 v 70 jam 75 f/m amj 805 v 795 jas 822.5 v 812.5 ond 807.5 v 800
  • Black Sea sunflower oil JFM 750 vs –, AMJ 760 vs –
  • Russian sunflower oil offered at USD 745 vs –
  • Spain offered at USD 800 vs –
  • Italy offered at USD 795 vs –
  • CIF India offered JF 797.50, M 800, AMJ 805 and JAS 810 vs –
  • Turkey offered at USD 790 for near by
  • Currency INR 64.08, Euro 1.1867, RM 4.07 and Rub 58.50

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Malaysian palm prices continue to remain under selling pressure anticipating of good production and higher end stock ranging between 2.44 to 2.50 mil. This is one of the highest in last 2 years. Further long liquidation coupled with technical sell off would test lower levels on FCPO. Bean oil to follow the suit by correcting USD 12 adjustment in basis giving tough fight to Sunflower oil for market share in destination countries. Indians have purchased some sunflower oil for Dec Jan months at USD 797 and 805 levels and are looking to price some thing lower today. Export pace has been very good for sunflower oil hence we don’t see immediate pressure on sunflower oil prices as they continue to remain lower to bean oil offered levels.

 

  • Palm Oil Midday Market Close
  • Bmd: 2525 (-10)
  • H2530/L2506
  • Vol: 11,960

 

  • oln:
  • Dec 640
  • Jan 642.5
  • JFM 645 vs 641.5
  • AMJ 657.5 vs 655 trd 655
  • JAS 645 vs 642.5
  • OND 640

 

  • rbdpo: -2.5

 

  • strn: Dec 647.5 (deld)
  • pfad: Dec 610 (deld)

 

  • Local cpo: Dec 2450

 

  • Indon cpo:
  • Dec 640
  • Jan 642.5
  • Feb 650
  • Mar 652.5

 

  • laurics:
  • cpko: Dec 318
  • rbdpko: Dec 1435
  • rbdpkoln: Dec 1270
  • rbdpks: Dec 1730

 

  • Rm 4.081
  • Crude Oil : Jan 56.17
  • Ace unch -1 -2
  • Dce Jan 5218 (-70) May 5336 (-68)

 

  • 6 ports Europe Sfo Dec 772.5 v 765 jan 785 v 777.5 jfm 785 v 780 amj 810 v 805 jas 825 v 817.5 ond 810 v 805
  • Black Sea sunflower oil JFM 760 vs –, AMJ 770 vs –
  • Russian sunflower oil offered at USD 755 vs –
  • Spain offered at USD 800 vs –
  • Italy offered at USD 795 vs –
  • Cif India opens again to stable rates Jan 805, Feb 807, and March 810 indicatively
  • Turkey offered at USD 790 vs –
  • Currency INR 64.55, Rub 59.23, RM 4.05, and Euro 1.1793

Posted by & filed under Sunflower Oil Market Report, Sunflower Oil Prices.

Palm oil is struggling to move up owing to lack of demand stronger ringgit and higher carry out of stocks. MDEX has probably touched its lowest from July and making everyday a new low. Ukraine sunflower oil sellers come everyday with a card rate and return back without doing any business. FOB is offered for JFM 760 and AMJ 770 with less buyers. This is also because Ukraine has exported very good volumes of sunflower oil in Oct at 520k and Nov 470k. December is also expected at about 450k making it a good export pace. Indians like all other destinations are not keen buyers in veg oils specially sunflower oil and are waiting for market to come in parity with local prices. After duty increase the duty paid stock has created a disparity which will take time to vanish and fresh buying in a major way is expected only in new year.

 

  • Palm oil Midday Market Close
  • Bmd: 2569 (+6)
  • H2572/L2553
  • Vol: 10,991

 

  • oln:
  • Dec 647.5
  • Jan 652.5
  • JFM 657.5 vs 652.5
  • AMJ 670 vs 665 trd 667.5
  • JAS 657.5 vs 655
  • OND 655

 

  • rbdpo: -2.5

 

  • strn: Dec 660 (deld)
  • pfad: Dec 615 (deld)

 

  • Local cpo: Dec 2480

 

  • Indon cpo:
  • Dec 647.5
  • Jan 652.5
  • Feb 660
  • Mar 667.5

 

  • laurics:
  • cpko: Dec 321
  • rbdpko: Dec 1455
  • rbdpkoln: Dec 1270
  • rbdpks: Dec 1745

 

  • Rm 4.065
  • Crude Oil : Jan 57.38
  • Ace -7 -3 -4
  • Dce Jan 5298 (-20) May 5416 (-10)
  • 6 ports Europe SFO Dec 777.5 v 765, Jan 790 v 775, JFM 795 v 782.5, AMJ 817.5 v 810, JAS 827.5 v 820, OND 817.5 / 15 v 810
  • Black Sea sunflower oil JFM 760 vs –, AMJ 770 vs –
  • Russian sunflower oil offered at USD 750 vs –
  • Spain offered at USD 805 v –
  • Italy offered at USD 800 vs –
  • CIF India Jan 805, Feb 807, March 810 and AMJ 820 offered indicatively
  • Turkey offered at USD 795 vs –
  • Currency INR 64.45, Euro 1.1844, Rub 58.71 and RM 4.0655