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

We are observing a technical slight bounce back in the prices of veg oil. Destination demand is not observed today and may come back if we remain firm for some sessions. Famous analyst are now predicting a further downward correction in palm oil and expecting the prices to touch the production cost which is anywhere between 1400-1500 depending on the age of plantation. Europe is keeping quite looking at the USD-Euro rate and India too is not a excited buyer. Markets appear to be recovering and we need a good physical demand to establish the bottom of current bear. <ul> <li>Palm oil +14 (2026) FOB OND ROL 675, RPO 672.50 and CPO 662.50</li> <li>6 ports Europe</li> <li>Aug/sep   805</li> </ul> OND          815 JFM           830 AMJ           840 JAS            855 Buyers JFM   810, AMJ   817,50 Black Sea FOB Sept 770 vs 765, OND 765 vs —, JFM 770 vs — <ul> <li>Russian sunflower oil indicate at USD 750 vs —</li> <li>Spain offered at USD 830 vs —</li> <li>Italy offered at USD 825 vs —</li> <li>India indicated for Sept 840, OND 830 and JFM 835</li> <li>Turkey offered at USD 820</li> <li>Currency –inr 60.44, euro 1.318,uah 13.66, and rub 36.13</li> </ul>  

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

Veg oil markets are completely lack luster. Some profit taking keeps exciting the market but then again its same old story. Too much of production, lack of demand and now all the big pundits of trade are trying to find a bottom to the current prices. Articles about palm plantations production cost of 1300-1400 MR are surfacing and on the same side industry wants bio- fuel mandate to consume the extra stocks in the tanks. We are a lost at the 5 year lows in palm , quite substantial low in bean oil and sunflower oil still the destinations are keeping the demand as hand to mouth. Speculative buying which was main factor in the year 2008 and forward contracts are not the issues in 2014. Commercials now want to liquidate the existing stocks before they can take a call on buying something new. Currency is not supporting as Euro hovers just below 1.32 which makes the European buyers shy. India is now looking at the developments and has enough stocks to last for a month. Fresh purchases by plants are on a hold and only talks about some cheap trades are making the rounds. <ul> <li>Palm oil –16 (2014)</li> <li>6 ports Europe Aug/Sep       800</li> </ul> OND               810  Vs   795 JFM                825         810 AMJ               830         817,50 <ul> <li>Black Sea sunflower oil FOB OND 755 vs , JFM 760 vs — , AMJ 765 vs —</li> <li>Russian sunflower oil indicated at USD 745 vs —</li> <li>Spain offered at USD 815 vs —</li> <li>Italy indicated at USD 810 vs —</li> <li>India offered for OND 820, JFM 825 , AMJ 830 and JAS 840</li> <li>Currency Euro 1.3197, INR 60.50, uah 13.36, rub 36.15</li> </ul>  

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

Markets continue to remain confused at the current levels. After a long time we did see some recovery in bean oil but we need more upward move to convince ourself that we have seen the worse for short term. Sunflower oil sellers have increased the prices and quite rightly as sun oil still remain the cheapest of soft oil. Palm is hardly showing any movement and traders are worried about the inventory buildup and slowing of imports into china. We need some more good movements to convince ourselves about a possible rally till then all corrections are seen as an opportunity to hedge. <ul> <li>Palm oil +1 (2050) FOB Mid day OND ROL 672.50, RPO 670 and CPO 662.50</li> <li>6 ports Europe Aug/sep     805</li> </ul> OND            812,50 JFM             825 AMJ            835 JAS             845 OND           850 Buyers   OND  800, JFM  810 <ul> <li>Black Sea sunflower oil ONF 770 vs 755, JFM 775 vs —</li> <li>Russian sunflower oil indicated at USD 750 vs —</li> <li>Spain offered at USD 830 vs —</li> <li>Italy offered at USD 825 vs —</li> <li>India indicated OND 840, JFM 845 and AMJ 850 vs —&lt;/li> <li>Turkey offered at USD 820 vs —</li> <li>Currency Euro 1.3270, INR 60.73,  UAH 13.22 and Rub 36.32</li> </ul>  

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

Market continues to remain dull in veg oils and it appears to be a long lasting bear. Palm oil testing the 2050 mark and is at 2 year lows. Crude oils down, Gold down, Silver down, Palm oil down, bean oil down and so is sunflower oil down. Indians are slowly slowly building positions for forward month and hope that we are almost near the bottom of the market.  Good weather in USA and most of the agri producing countries are indicating bumper oil seeds crop. <ul> <li>Palm Oil BMD –19 (2049) FOB OND 672.5, RPO 670, and CPO 662.50</li> <li>6 ports Europe Aug/ sep     800   buyer sep  790</li> </ul> OND             810 JFM              820 AMJ             830 Rape oil NDJ     838   Vs   827 FMA   844 MJJ     850 <ul> <li>Black sea Ukraine FOB OND 760 vs —, JFM 765</li> <li>Russian sunflower oil offer USD 750 vs —</li> <li>Spain offered at USD 820 vs —</li> <li>Italy offered at USD 815 vs —</li> <li>India offered OND 830, JFM 835, and AMJ 840</li> <li>Currency Rub 36.2761, UAH 13.00, INR 60.70, and Euro 1.3285</li> </ul>

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

So we have now reached a new level where it appears that the market is stabilizing, But veg oil markets need a good demand support to stabilize and the current high priced stocks needs to be consumed in order for destinations to start covering for oil in a big way. Yes this year the consumption will increase, this year the crops are also large and the prices have adjusted to lower levels what looks like a good price today is not a good price tomorrow. Palm continues to remain side lined and soft are under pressure from bean oil surplus. Sunflower oil in local Ukraine can be purchased at cheaper levels to FOB. UAH is depreciating and this adds more pressure to already falling prices. Sunflower oil continues to maintain USD 50 over discount to bean oil and Athena feels that buying sunflower oil and giving up on bean oil could make some money for investors. India entering into festival period and will consume more veg oil then average monthly requirement. Imports of sunflower oil this oil year will be historic and may follow the same pattern in the year 2014-2015. <ul> <li>Palm oil mid day close +1 (2089) FOB OND ROL 690, RPO 687.50 and CPO 687.50</li> <li>6 ports Europe</li> </ul> Aug        800 Sep        805 OND       815   vs   800 JFM        825          810 AMJ       830           815 JAS         840          820 OND       850 <ul> <li>Black sea sunflower oil OND 760 vs 745, JFM 765 vs —, AMJ 770 vs —</li> <li>Russian sunflower oil offered at USD 750 for near by</li> <li>Spain offered at USD 825 vs —</li> <li>Italy offered at USD 820 vs —</li> <li> India indicated for OND 835 , JFM 840 and AMJ 845</li> <li>Turkey offered at USD 790 vs —</li> <li>Currency euro 1.3346, UAH 13.07, Rub 36.18 and INR 60.76</li> </ul>  

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

Veg oil markets are in tremendous pressure from larger supply and weaker fundamentals. Prices are just heading one direction and most of the buyers are now looking to avoid any more purchase till they see a definitive bottom. Ukraine crushers are not a keen seller and they want to see the farmers selling pressure before they can actually compete in a falling market. Prices of sunflower oil open unchanged to Friday levels with no FOB buyers. Some destination demand is keeping the markets alive. Palm is following the bean oil and is now trading at historic lows, still traders feel that there is more to come from bean oil and thus prices can remain range bound to bearish for near term. <ul> <li>Palm oil –3 (2088) FOB OND ROL 690, RPO 687.50 and CPO 682.50</li> <li>6 ports we have the following start in the sun oil today:</li> </ul> Aug.+Sept. seller 807,50 OND seller 812,50 JFM 817,50 v 805 AMJ 825 v 810 JAS 835 v 815 OND seller 845 <ul> <li>Black Sea sunflower oil OND 775 vs 760 indicative, JFM 780 vs —, AMJ 780 vs</li> <li>Russian sunflower oil indicated at USD 760 vs —</li> <li>Spain offered at USD 830 vs —</li> <li>Italy offered at USD 825 vs —</li> <li> India indicated for OND USD 840 , JFM 845, AMJ 850 vs —</li> <li>Turkey offered at USD 820 vs —</li> <li>Currency INR Closed 60.83, Euro 1.3389, UAH 13.14 and Rub 36.0487</li> </ul>  

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

USDA came as expected and again it was over reacted in Chicago. India once again was looking to buy but at much lower levels. Demand in India is poor and traders expect some movement after the festivities of 15th Aug. Veg oil are behaving exactly as per our price band and are now at the lows of the range. We strongly feel the prices to remain range bound between 785 FOB to 885 FOB and will continue to trade in it till December this year. Sunflower oil is the cheapest and most attractive soft oil today. <ul> <li>Palm oil close –10 (2177) FOB OND ROL 710, RPO 707.50, and CPO 707.5</li> <li>6 ports Europe ond 845 v 830</li> </ul> JFM 850 v 835 AMJ 855 v 840 JAS 865 v 842,50 10-12 875 v 845 <ul> <li>Black Sea sunflower oil OND 790 vs 775, JFM 800 vs 780, AMJ 805 vs 785</li> <li>Russian sunflower oil indicated at USD 770 vs —</li> <li>Spain offered at USD 850 vs —</li> <li>Italy offered at USD 845 vs —</li> <li>Turkey offered at 825 vs —</li> <li>India price indication for OND 850 , JFM 855 and AMJ 860 vs —</li> <li>Currency INR 61.21, UAH 13.14, Rub 36.26 and Euro 1.3364</li> </ul>