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

<i>Veg. oil markets are excited to see the upward moment prices have taken in bean oil. Most are considering this reaction as technical and also because of weather changes across the soya growing regions. Indians are running behind the sunflower oil market of yesterday and claim to buy much cheaper to the replacement. Destinations are completely dry and traders after selling discount will eventually take the prices up as well. Bean oil OND is trading at USD 800 and CSFO is still USD 20 cheaper to it. Market Continues to rally as projection is again positive. BMD is closed today on occasion of Malaysia day.  Ukraine is not quoting aggressively for October as the harvest slows and we still don’t see enough arrival pressure. </i> <ul> <li><i>Palm oil – closed Malaysia Day</i><i></i></li> <li><i>6 ports Europe Sellers:</i><i></i></li> </ul> <i>OND    820</i><i></i> <i>JFM     835</i><i></i> <i>AMJ    845</i><i></i> <i>JAS     855</i><i></i> <i>OND   865</i><i></i> <i>             </i> <i>             Rapeoil</i>   <i>NDJ    832  vs.   822</i><i></i> <i>FMA   828        824</i><i></i> <i>MJJ     841        828</i><i></i> <ul> <li><i>Black Sea FOB Oct 785, ND 780, JFM 785 vs —</i><i></i></li> <li><i>Russian sunflower oil indicated at USD 770</i><i></i></li> <li><i>Spain offered at845 vs —</i><i></i></li> <li><i>Italy indicated at USD 840 vs —</i><i></i></li> <li><i>India offered for Sept 870, Oct 850, ND 845 vs —</i><i></i></li> <li><i>Turkey offered at USD 830 vs —</i><i></i></li> <li><i>Currency INR 61.08, Euro 1.2943, Rub 38.51 and UAH 12.98</i><i></i></li> </ul> <i> </i>

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

<i>Fantastic recovery in Soft oil markets. Friday we saw a lot of short covering, Improvement today in Euro – Dollar rate and some good destination business including Egypt and India. Palm is not showing that strength today as the spread between palm and soft oil narrows. Too much of stocks weigh on sentiments for palm oil and hence the traders are not too keen to pay higher prices. Over all sentiments are still cautious and it will take a lot more than just one day action for good business to happen or to reverse the bearish trend. Monday starts with firm prices and not much buying support. </i> <ul> <li><i>6 ports Europe Start sunoil</i></li> </ul> <i>SEP                        805</i> <i>OND                      815</i> <i>JFM                       825</i> <i>AMJ                      835</i> <i>JAS                       850</i> <i>OND                     860</i> <ul> <li><i>Black Sea Sunflower oil OND 770 vs 755, JFM 775 vs 755, AMJ 780 vs —</i></li> <li><i>Russian sunflower oil indicated at USD 760 vs —</i></li> <li><i>Spain offered at USD 830 vs —</i></li> <li><i>Italy indicated at USD 825 vs —</i></li> <li><i>Turkey offered at USD 820 vs —</i></li> <li><i>India offered for September 860 , O 840 , ND 835 and JFM 845 vs —</i></li> <li><i>Currency Rub 38.07, INR61.12, UAH 12.98 and Euro 1.29</i></li> </ul>  

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

<i>USDA as expected came little bearish to neural but within the expectations of traders. Market after initial reaction is again showing some signs of upward correction. Indian buyers were busy speculating about cheaper prices and a big correction in prices. Some looking at a number of USD 800 as well, however little trades were reported from India at USD 825 east coast. India still experiencing rains in the soy growing region and thus a confirmed delay in harvest. There are not many vessels of sunflower oil en route and thus see a technical shortfall before the auspicious Deewali month of October. </i> <ul> <li><i>Palm oil Mid day close +8 (2076) FOB ND ROL 692.50, RPO 690, and CPO 665</i></li> <li><i>6 ports Europe Sep     795</i></li> </ul> <i>OND    800</i> <i>JFM     810   vs   800</i> <i>AM      815         807,50</i> <i>JAS      825</i>   <i>OND   835</i>     <i>Might get the seller on the JFM at 805, AMJ at 810 if it is for a bit of volume</i> <i>Rapeoil</i> <i>NDJ    817</i> <i>FMA   820</i> <i>MJJ    824</i> <ul> <li><i>Black Sea sunflower oil Sept 785, Oct 765, ND 760 vs –</i></li> <li><i>Russian sunflower oil indicated at USD 750 vs —</i></li> <li><i>Spain offered at 825 v —</i></li> <li><i>Italy indicated at USD 820 vs —</i></li> <li><i>India offered September 840 vs —, October 835 vs -, and NDJFM USD 830 vs —</i></li> <li><i>Turkey offered at USD 810 vs —</i></li> <li><i>Currency Euro 1.2922, INR 60.73,  Rub 37.66, and UAH 12.98</i></li> </ul>  

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<i>Direction less markets in veg. oil burdened with oil stocks are looking positively towards USDA.  Yesterday Egypt tendered for sunflower oil and 30k of oil traded at USD 800. This was done at USD 8 premium to soybean oil and thus traders now feel why the sunflower oil should be at a discount to bean oil. Indian markets are feeling some stock tightness in CSFO and with the rain delay in Harvesting of soybean seed crop we may see little demand around festival time. </i> <ul> <li><i>Palm oil +39 (2072) FOB ROL ND 685,  RPO 680 and CPO 665</i></li> <li><i>6 ports Europe Sep         800</i></li> </ul> <i>OND        805</i> <i>JFM         815</i> <i>AMJ        820   vs   805 buyer</i> <i>JAS         835</i> <i>OND      850</i> <i> </i> <i>Rape oil</i> <i>NDJ     814   vs   805</i> <i>FMA   816          808</i> <i>MJJ     819          810</i> <ul> <li><i>Black Sea sunflower oil FOB OND 760 vs —, JFM 760 vs —, AMJ 765 vs —</i></li> <li><i>Russian sunflower oil indicated at USD 750 vs —</i></li> <li><i>Spain offered at USD 820 vs —</i></li> <li><i>Italy offered at USD 815 vs —</i></li> <li><i>India indicated for Sept 840, Oct 830 and NDJFM 825</i></li> <li><i>Turkey offered at USD 810 vs —</i></li> <li><i>Currency INR 60.87. Euro 1.2919, UAH 12.95, and Rub 37.50</i></li> </ul>  

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

<i>Quite Veg. oil markets as the traders still feel bearish. Destinations traded lower levels on Monday and today also no keen interest. Sunflower oil prices though are holding the ground but some destinations are reported traded cheap. Crude oil is adding pressure to sentiments and thus palm prices also remain sideline to dull. Strong USD is also not generating any demand from Europe markets. Egypt is calling a tender for 30,000 mt of sunflower oil tomorrow for </i><i>shipment</i><i> October. </i> <ul> <li><i>Palm oil MIDDAY close –15 (2030) FOB OND ROL685, RPO 682.50 and CPO 650</i></li> <li><i>6 ports Europe Sep    805</i></li> </ul>   <i>OCT     810</i> <i>ND      815     vs   795</i> <i>JFM     825           815</i> <i>AMJ    830           815 </i> <i>Rapeoil</i> <i>NDJ      816   vs   805</i> <i>FMA    819           805</i> <i>MJJ      825          812</i> <ul> <li><i>Black Sea sunflower oil OND 765 vs —, JFM 770 – and AMJ 775</i></li> <li><i>Russian sunflower oil indicated at USD 760 vs —</i></li> <li><i>Spain offered at USD 825 vs —</i></li> <li><i>Italy offered at USD 820 vs —</i></li> <li><i>India offered at Sept 845, OND 830 and JFM 835</i></li> <li><i>Turkey offered at USD 815 vs —</i></li> <li><i>Currency  Euro 1.2884, Rub 37.10, UAH 12.82, and INR 60.63</i></li> </ul>  

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

Monday morning start.. Slow and firm. Veg oil markets are showing firm levels to Friday close and are managing to maintain the momentum. Brent for the first time was below 100 in 2014 but manages to come back up. Prices are still holding on and the trend is defiantly not bullish. Short covering leads the rally in nearby months and we have seen Sunflower oil trading for September above USD 780 against OND offers starting at USD 765. India is partially on holiday today and tomorrow and then there are no festivities for next 15 days. We don’t see any exciting demand coming from India in next one week. <ul> <li>Palm oil +11 (2036)</li> <li>6 ports Europe</li> <li>September 815</li> </ul> 11+12 820 JFM 835 AMJ 840 JAS 855 OND 865 Black Sea sunflower oil Sept 780, October 775, 15 Oct-15 Nov 765, Nov-Dec 765, Jan 770 and FM 775 <ul> <li>Russian sunflower oil indicated at USD 760 for near by</li> <li>Spain offered at USD 830 vs —</li> <li>Italy offered at USD 825 vs —</li> <li>India indicated for Sept 850, OND 840, JFM 845</li> <li>Turkey offered at USD 815 vs —</li> <li>Currency Rub 37.08, UAH 12.82, INR 60.24 and Euro 1.2945</li> </ul>  

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

Veg oil markets continue to remain firm. Prices of sunflower oil are climbing up as the harvest gets delayed. September is a tough find and now October is also seemed to be getting tighter. Palm is holding on firm as well and traders are looking forward towards USDA. India remains active with buyers looking at day before yesterday’s levels and negotiating to cover something ahead of weekend. Euro is pushing buyers away as the currency depreciates to USD. <ul> <li>Palm oil BMD –2 (2028) FOB OND ROL 685, RPO 682.50 and CPO 647.50</li> <li>6 ports Europe Starting completely unchanged</li> </ul> Sep     800 OND    810 JFM     825 AMJ    835 JAS     845 Rape oil NDJ   826 FMA 832 MJJ   840 All sellers, no buyer’s so far <ul> <li>Black Sea sunflower oil September , October USD 780, 15oct- 15 Nov 765, ND 765, Dec 765, JFM 770,</li> <li>Russian sunflower oil indicated at USD 760 for OND</li> <li>Spain offered at USD 825 vs —</li> <li>Italy offered at USD 815 vs —</li> <li>India indicated for September 845, OND 840 , JFM 845 and AMJ 850</li> <li>Turkey offered at USD 820 vs —</li> <li>Currency INR 60.43, Euro 1.2961 , UAH 12.53 and Rub 36.94</li> </ul>