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

Yesterday late evening Ukraine government resigned and now Ukraine is either in the hands of the rebels as there is no government and will go for elections again after a month. Its impact on sunflower oil is not seen and we expect some clarity only after elections.  India: Central part of India is getting sufficient rainfall and now it needs a little sunshine. Local markets are stable and we don’t see any more panic sellers. Indians are making up their mind for building some longs and it will need any small trigger for that to happen. Europe: Europe is seeing some demand at yesterday offered levels, however prices today are quote about USD 10 higher than previous close.  Palm is looking dull and will remain closed on Monday and Tuesday as well. Romanian sunflower seeds were offered at USD 400 FOB constanza with some enquiries for South Africa. <ul> <li>Palm close –16 (2265) FOB OND ROL 742.50, RPO 740 and CPO 762.5</li> <li>6 ports Europe JLY        860</li> </ul> 8+9     870 OND    885 JFM     890 AMJ    895   Rape oil ASO   858   Vs   847 NDJ   878          860 FMA 891         874 MJJ    900 ASO   885 <ul> <li>Black Sea  Sunflower oil ASOND 835 Vs 825, JFM 840 Vs —</li> <li>Russian sunflower oil indicated at USD 830 Vs —</li> <li>Spain is offered at USD 900 Vs —</li> <li>Italy indicated at USD 895 Vs —</li> <li>India offered at ASOND 895 and JFM 905</li> <li>Turkey offered at 885 Vs —</li> <li>Currency INR 60.11, Euro 1.3448 , Rub 35.11 and UAH 11.65</li> </ul>

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

Yesterday late evening Ukraine government resigned and now Ukraine is either in the hands of the rebels as there is no government and will go for elections again after a month. Its impact on sunflower oil is not seen and we expect some clarity only after elections.  India: Central part of India is getting sufficient rainfall and now it needs a little sunshine. Local markets are stable and we don’t see any more panic sellers. Indians are making up their mind for building some longs and it will need any small trigger for that to happen. Europe: Europe is seeing some demand at yesterday offered levels, however prices today are quote about USD 10 higher than previous close.  Palm is looking dull and will remain closed on Monday and Tuesday as well. Romanian sunflower seeds were offered at USD 400 FOB constanza with some enquiries for South Africa. <ul> <li>Palm close –16 (2265) FOB OND ROL 742.50, RPO 740 and CPO 762.5</li> <li>6 ports Europe JLY        860</li> </ul> 8+9     870 OND    885 JFM     890 AMJ    895   Rape oil ASO   858   Vs   847 NDJ   878          860 FMA 891         874 MJJ    900 ASO   885 <ul> <li>Black Sea  Sunflower oil ASOND 835 Vs 825, JFM 840 Vs —</li> <li>Russian sunflower oil indicated at USD 830 Vs —</li> <li>Spain is offered at USD 900 Vs —</li> <li>Italy indicated at USD 895 Vs —</li> <li>India offered at ASOND 895 and JFM 905</li> <li>Turkey offered at 885 Vs —</li> <li>Currency INR 60.11, Euro 1.3448 , Rub 35.11 and UAH 11.65</li> </ul>

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

Market opens the same as yesterday. No trades reported on FOB yesterday and today buyers and sellers are about USD 5 apart. Ukraine opens CSFO as USD 835 for nearby and 830 for OND. India is looking to price some cargo however they are looking at lower numbers. Middle East tanks are reportedly full and thus they are now looking at late Aug shipments only. Spain is offered for prompt shipment USD 885 about USD 10 lower to yesterday as the cargo remains afloat unsold. Veg oil markets continue to remain confused with more and more shorts appearing in the market. There are no bullish news and it mean that it will be only a matter of time when shorts would like to cover their positions.  No new news today and thus market is expected to remain dull and at the offered levels. <ul> <li>Palm Oil –22 (2257) FOB OND ROL 740, RPO 737.50 and CPO 755</li> <li>6 ports Europe Early numbers</li> </ul> JLY      855 Aug     860 Sep     870 OND   887, 50 JFM     890 AMJ    895 Jas      912, 50   No buyers so far <ul> <li>Black Sea sunflower oil indicated for AS 835 Vs —, OND 830 Vs — , JFM 835 Vs –</li> <li>Russian sunflower oil offered for nearby at 820 Vs —</li> <li>Spain indicated at USD 885 Vs —</li> <li>Italy offered also at USD 885 Vs —</li> <li>India indicated at USD 900 for all the positions up to December</li> <li>Turkey indicated at USD 875 Vs —</li> <li>Currency INR 60.07, Euro 1.3468, UAH 11.67, and Rub 34.80</li> </ul>

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>