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

A moment of Silence for the people who lost their lives on MH-17. It’s a big mistake from the side who took the plane down and now they have got every ones attention once again. Things are getting messy with crush plants being stopped and I would not be surprised if the rebels attack the Sea port of Ukraine and create issues in transportation. VEG OIL market in Europe has reacted to this and is now a touch firmer. Freight rates are getting costly as the war risk premiums are being added to the same. Destinations soon will see this reaction and it would temporarily lift the destinations up before we could see what’s going to happen next at Ukraine.  Indians have coverage for one month and any delays or FOSFA extensions would cost them dearly.  Advantage clearly will go to Palm oil and then Soybean oil. We expect that Ukraine situation gets resolved quickly and nothing like MH-17 ever happens again but now all possibilities are open. All inbound flights and our bound flights are canceled there and soon it may also effect the inland transportation. 6 ports Europe have almost jumped by USD 25 pmt and so is FOB. There are no sellers in FOB market below 840 and buyers are looking at 835 to price. Soon destinations will have to pay up to secure the sunflower oil. <ul> <li>palm oil  BMD +15 (2308) FOB OND ROL 752.50, RPO 750 and CPO767.5</li> <li>6ports Europe JLY       865  Vs  860</li> </ul> As       890 OND   900        880 JFM     905       890 AMJ     910 <ul> <li>Black Sea sunflower oil ASOND 840 Vs 830, JFM 850vs —</li> <li>Russian sunflower oil indicated at USD 840 Vs —</li> <li>Spain offered at USD 915 Vs 900</li> <li>Italy offered at USD 910 Vs 900</li> <li>India indicated for AS 910, OND 910, JFM no indications</li> <li>Currency  INR 60.31, Euro 1.3528, UAH 11.72, and Rub 35.06</li> </ul>  

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

Same story on Veg oils. Prices have reduced a lot and sellers now hesitate to be more aggressive, on the other hand buyers are not too keen to pay up. Bare minimum trades at 6 ports and almost no FOB business at Ukraine is slowing the prospects. Weather conditions are excellent for growing at Ukraine and thus the prices sun seeds for forward months is also discounted. Romanian sun seeds can be bought anywhere between 410-420. Palm is a shade weaker today and is not supporting the sentiments as well. Only War or weather can turn the market bullish. <ul> <li>palm oil  midday close +6 ( 2313) FOB OND ROL 755, RPO 752.50, and CPO 770</li> <li>6 ports Europe AMJ TRD 887,50</li> </ul> OND    885   Vs   870 JFM     890          880 AMJ    892, 50    885 JLY   buyer   845   Rape oil ASO    860 NDJ    876 Vs   865 <ul> <li>Black Sea FOB OND 830 Vs 810, JFM 835 Vs 810</li> <li>Russian sunflower oil indicated at USD 820 Vs —</li> <li>Spain offered at USD 890 Vs —</li> <li>Italy indicated at USD 885 Vs —</li> <li>India offered for AS 900, OND 900 and JFM 905 Vs —</li> <li>Turkey offered at USD 875 Vs —</li> <li>Currency INR 60.14, Euro 1.3534,  UAH 11.72 and Rub 34.93</li> </ul>  

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

Seems like Veg oil markets are showing some sign of reversal and sellers have firmed up the prices. Ukraine still has a lot of tension and it appears that east Ukraine won’t be able to crush the seeds as last season. Important crush factories in Donetsk are now in control of rebels which are creating issues by destroying logistic facilities of the region.  India on the other hand is taking a sigh of relief as the weather improves and we do see some beneficial rains. This will improve the prospects of crops in the central part of India and will help support the domestic production. Palm oil also finds support at key 2300 mark and technically we may see a good recovery. <ul> <li>Palm oil BMD close +20 (2304) FOB OND ROL 750, RPO 747.50 and CPO 765</li> <li>6 ports Europe As         885     buyer  sep  860</li> </ul> OND     890     Vs 865 JFM      895           870 AMJ     900           875 Jas       910 <ul> <li>Black Sea sunflower oil JAS 830, OND 835, and JFM 840 Vs —</li> <li>Russian sunflower oil indicated at USD 825 Vs —</li> <li>Spain offered at USD 890 Vs —</li> <li>Italy indicated at USD 885 Vs —</li> <li>India offered for ASOND at USD 900 Vs 890. JFM offered 910 Vs —</li> <li>Turkey offered at USD 875 Vs —</li> <li> Currency  INR 60.1250, Euro 1.3535, UAH 11.7121, and Rub 34.4054</li> </ul>

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

Markets continue to remain under pressure. Today being Nuzul there is no palm market but bean oil projections are mildly negative. One school of thought feel that current market is overdone and a bounce back is any time near and other sees excellent growing conditions at Ukraine , USA and now in India and hope for larger than last year’s crop with better yields.  Price on sunflower oil has corrected a lot and there are no war premiums built in the prices if the situations go out of control only then the prices of sunflower oil may go higher. <ul> <li>palm oil closed today</li> <li>6 ports Europe As      880</li> </ul> OND  890   Vs   870 JFM   895          875 AMJ   900 JAS    910 <ul> <li>Black Sea sunflower oil  J/A 830, OND 825 Vs 810 , JFM 830 Vs 815</li> <li>Russian sunflower oil indicated at USD 825 for near by</li> <li>Spain there are no buyers today sellers Indicate USD 885</li> <li>Italy offered at USD 880 Vs —</li> <li>Turkey offered at USD 865 Vs —</li> <li>India indicated for ASONDJFM flat 905</li> <li>Currency INR 60.15, Euro 1.3594, UAH 11.70, and Rub 34.36.</li> </ul>