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

Monday morning starts dull with palm mostly losing out gains in second half. Traders are realising that its December months and MTM needs to be realised before Christmas. Ukraine sunflower oil sellers are asking for JFM 760 and AMJ 768 which is a healthy premium compared to 6 ports Europe where JFM is at 792 and AMJ 817.50. Over all the mood is still bullish and buyers will come back to such attractively offered sunflower oil. Indians are not keen buyers and are struggling to find customers. With the recent duty hike the demand of sunflower oil and other oils have reduced and we see some demand destruction already .

 

  • Palm Oil Midday Market Close
  • Bmd: 2621 (+18)
  • H2625/L2608
  • Vol: 11,316

 

  • oln:
  • Dec 652.5
  • Jan 657.5 vs 652.5
  • JFM 665 vs 660
  • AMJ 676 vs 674 trd 674-675
  • JAS 667.5 vs 662.5
  • OND 662.5

 

  • rbdpo: -2.5

 

  • strn: Dec 670 (deld)
  • pfad: Dec 622.5 (deld)

 

  • Local cpo: Dec 2520

 

  • Indon cpo:
  • Dec 657.5
  • Jan 665
  • Feb 672.5
  • Mar 680

 

  • laurics:
  • cpko: Dec 329
  • rbdpko: Dec 1485
  • rbdpkoln: Dec 1295
  • rbdpks: Dec 1775

 

  • Rm 4.079
  • Crude Oil : Jan 57.89
  • Ace unch +2 +2
  • Dce Jan 5370 (+34) May 5488 (+48)
  • 6 ports Europe  sfo opens jan 790 jfm 792.5 amj 817.5 jas 827.5 ond 820 jfm 835
  • Black Sea sunflower oil JFM 760 vs 752, AMJ 768 vs – and JAS 775 vs –
  • Russian sunflower oil offered at USD 750 vs –
  • Spain offered at USD 805 vs –\
  • Italy offered at USD 800 vs –
  • CIF India offered at Sun :Jan : 807 , feb : 809 , Mar : 812
  • Turkey offered at USD 795 for near by
  • Currency INR 64.36,  Rub 58.93, RM 4.06, and Euro 1.1847

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

As expected the market in Palm came down because of lower export and also rumours about bio fuel mandate. Currencies have also gained against the Dollar and at the time of writing this report we have INR at 64.55 against days high of 64.85. Ukraine sunflower oil sellers have reduced the FOB prices and offers are now JFM 762 and AMJ 772 indicatively. Typical Monday with little demand and aggressive sellers.

 

  • Palm oil Market Close
  • Bmd: 2585 (-45)
  • H2612/L2565
  • Vol: 47,399

 

  • oln:
  • Dec 647.5
  • Jan 652.5 vs 645
  • JFM 657.5 vs 653, trd 653-652.5
  • AMJ 667.5 vs 663, trd 665-662.5
  • JAS 657.5 vs 653, trd 656
  • OND 652.5

 

  • rbdpo: -2.5

 

  • strn: Dec 665 (deld)
  • pfad: Dec 615 (deld)

 

  • Local cpo: Dec 2550

 

  • Indon cpo:
  • Dec 650
  • Jan 657.5
  • Feb 665

 

  • laurics:
  • cpko: Nov 327
  • rbdpko: Nov/Dec 1460
  • rbdpkoln: Nov/Dec 1270
  • rbdpks: Nov/Dec 1750

 

  • Rm 4.113
  • Crude Oil : Dec 58.56
  • Ace : -5 -4 -6
  • Dce: Jan 5306 (-92) May 5402 (-94)

 

  • 6 ports Europe not opened so far
  • Black Sea sunflower oil FOB JFM 762 vs 752, AMJ 772 vs 765 buyers
  • Russian sunflower oil offered at USD 760 vs –
  • Spain offered at USD 805 vs –
  • Italy offered at USD 800 v –
  • CIf India  Dec/Jan : 802 , feb : 807, March 810 and AMJ 815 indicatively .
  • Turkey offered at USD 790 vs –
  • Currency INR 64.54, Euro 1.1935, RM 4.11 AND Rub 58.12

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

Veg oil markets are getting stable in India with duty hike already priced in and demand returning to normal. Yesterday good volumes of sunflower oil traded India ( approx. 50,000 MT) for months like Dec , FM and AMJ and we expect some more will be done for JAS as well. Ukraine sunflower oil FOB offers JFM 763 and AMJ 775 with buyers looking at 755 / 758 levels. Europe and Middle east also comes back in to buying and current levels of sunflower oil will once again be supported.

 

  • Palm Midday Market Close
  • Bmd: 2630 (+8)
  • H2636/L2615
  • Vol: 17,150

 

  • oln:
  • Dec 655 vs 47.5, trd 52.5
  • Jan 665
  • Jfm 670 vs 665
  • Amj 675 vs 672.5, trd 672.5
  • Jas 660 vs 655, trd 655
  • Ond 655

 

  • rbdpo: -5

 

  • strn: Dec 675  (deld)
  • pfad: Dec 625 (deld)

 

  • Local cpo: Dec 2600

 

  • Indon cpo:
  • Dec 667.5
  • Jan 672.5

 

  • laurics:
  • cpko: Nov 335
  • rbdpko: Nov/Dec 1480
  • rbdpkoln: Nov/Dec 1300
  • rbdpks: Nov/Dec 1780

 

  • Rm 4.121
  • Crude Oil : Dec 57.76
  • Ace : +4 +5 +4
  • Dce: Jan 5424 (+18) May 5514 (+12)
  • 6 ports Europe starts  dec 780 jan 782.5 jfm 792.5 v 785 amj 812.5 v 810 jas 827.5 v — ond 817.5 v —
  • Black Sea sunflower oil JFM 763 vs –, AMJ 775 v 755
  • Russian sunflower oil offered at USD 760 vs –
  • Spain offered for FM 805
  • Italy offered for FM 800
  • CIF India offer Dec  805, Jan 808 / F&M 810 and AMJ 815
  • Turkey offered at USD 800 vs –
  • Currency INT 64.79, Euro 1.1758 , RM 4.11 and Rub 59.13

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

India and duty hike is the most trending twitter facebook and Email trend from last Friday. Thanks to Modi improving rating, Thanks to Miss Chillar winning Miss World and also that Indian government has increased duty on all veg oils and thus we see strong price reaction in domestic markets. Sunflower oil is again preferred with 5% less duty in comparison to bean oil. I am sure everyone in India already has full duty structure but for our overseas readers I am giving it here again.

 

Increase in Custom Duty

Cpo 15.45 to 30.90%

INR 7456.14 to 14912.28 ( plus 7456.14=USD 115)

 

RBD 25.75% to 41.2%

13074.67 to 20919.46

(plus 7844.79= USD 120)

 

Soyabean 18.025 to 30.90%.    10285.86 to 17832.90

Plus 7547.04= USD 116

 

Sunflower

12.875 to 25.75%

6900 to 13800

Plus 6900= USD 106.

 

Domestic exchanges in India are limit up gaining 4% vs previous close in veg oils . MDEX reacting 3% down making market already considering 7% change as against 15% . There is further upward potential in the Indian market but we will soon be seeing selling as traders with long duty paid stocks would jump to cash in. Ukraine sunflower oil offers are slow at 760 for JFM with no buyers at the moment. Buyers are hiding behind Indian duty hike and we expect them to come out during second half today.

 

  • Palm oil Midday Market Close
  • Bmd: 2662 (-52)
  • H2683/L2660
  • Vol: 22,121

 

  • oln:
  • Dec 660 vs 655
  • Jan 665 vs 657.5
  • Jfm 668 vs 665, trd 670-666
  • Amj 671.5 vs 667.5 trd 670
  • Jas 656.5 vs 650
  • Ond 651.5

 

  • rbdpo: -5

 

  • strn: Dec 685  (deld)
  • pfad: Dec 630 (deld)

 

  • Local cpo: Nov 2650

 

  • Indon cpo:
  • Dec 667.5
  • Jan 672.5

 

  • laurics:
  • cpko: Nov 342
  • rbdpko: Nov/Dec 1510
  • rbdpkoln: Nov/Dec 1320
  • rbdpks: Nov/Dec 1780

 

  • Rm 4.1565
  • Crude Oil : Dec 56.63
  • Ace : -27 -27 -29
  • Dce: Jan 5430 (-60) May 5524 (-74)
  • 6 ports Europe sfo opens dec 790 jfm 800 amj 815 jas 827.5 ond 825 ….. with lower palm awaiting first buyers
  • Black Sea sunflower oil JFM 760 vs — , AMJ 770 vs —
  • Russian sunflower oil offered at USD 755 vs —
  • Spain offered for Jan 800 vs —
  • Italy offered at USD 795 vs –
  • CIF India J810 vs –, FM 813 vs –, AMJ 820 vs – and JAS 830 vs –
  • Turkey offered at USD 790 vs —
  • Currency INR 65.02, Euro 1.18 , RM 4.14 , and rub 59.18

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

CBOT Rallied with the surprise NOPA report. Bean oil closed 74 points and basis helped bean oil FOB offers to go up to 799 for Jan Feb. May is still offered at USD 772 giving competition to sunflower oil. Weather have started getting colder in Ukraine and Russia. Traders are not worried about Ukraine crop but are watching Russian developments closely. France reported higher sunflower oil crop numbers and thus the SND would tend to remain balanced. Sunflower oil will remain at a premium for forward months and the premium will only increase if the bean oil prices come down. Palm oil recovered from morning and is now in positive zone. Ukraine traded yesterday good volumes of sunflower oil JFM 760-65 levels and AMJ at 772 levels. CIF India buyers are looking to buy AMJ and JAS one more round but at the levels below 815 and 825 respectively.

 

  • Palm oil Midday Market Close
  • Bmd: 2747 (+15)
  • H2758/L2737
  • Vol: 19,863
  • oln:
  • Nov 680
  • Dec 680 vs 672.5
  • Jfm 685 vs 681
  • Amj 685 vs 683 trd 685-682.5
  • Jas 667 vs 662.5
  • Ond 662.5
  • rbdpo: -5
  • strn: Dec 702.5 (deld)
  • pfad: Dec 635 (deld)
  • Local cpo: Nov 2710
  • Indon cpo:
  • Nov 685
  • Dec 685
  • Jan 692.5
  • Fm 695
  • laurics:
  • cpko: Nov 343
  • rbdpko: Nov/Dec 1505
  • rbdpkoln: Nov/Dec 1315
  • rbdpks: Nov/Dec 1775
  • Rm 4.177
  • Crude Oil : Dec 55.36
  • Ace : -12 -12 -12
  • Dce: Jan 5496 (-10) May 5618 (+2)
  • SPPOMA 1-5th Nov est:
  • FFB: -1%
  • OER: +0.03%
  • Prodn: -0.84%
  • SPPOMA 1-10th Nov:
  • FFB +6.3%
  • OER -0.30%
  • Production : +4.46%
  • Sppoma 1-15/11
  • FFB +6.35%
  • OER -0.09%
  • Prodn +5.87%
  • 6 ports Europe Sfo jfm 800 v 790 amj 820 v 812.5 jas 835 v 822.5 ond 830 v 817.5
  • Black Sea sunflower oil FOb Ukraine offered JFM 770 vs 760, AMJ 780 vs 770.
  • Russian sunflower oil offered USD 760 vs —
  • Spain offered at USD 815 vs –
  • Italy offered at USD 810 vs –
  • CIF India Sbo : Nov : 120 , JF : +80  Sun :Dec : 810 , Jan : 815 , feb : 820
  • Turkey offered at USD 790 vs –
  • Currency INR 65.23, Rub 59.88, Euro 1.1770 and RM4.17

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

Indian markets are keeping everyone confused and guessing. The rumour about duty increase is everywhere and buyers are not willing to do anything till they actually see the impact of possible duty increase. Black Sea sunflower oil is offered JFM 770 and AMJ 777 against that buyers are sniffing 770 level. Domestically trade has come to an abrupt halt with no bulk business happening.

– Palm oil Midday Market Close
– Bmd: 2791 (+8)
– H2808/L2789
– Vol: 14,250

– oln:
– Nov 690
– Dec 687.5 vs 682.5
– Jfm 692.5 vs 690 trd 94-92.5
– Amj 695 vs 692.5 trd 694-695
– Jas 675 vs 670
– Ond 665

– rbdpo: -5

– strn: Dec 705 (deld)
– pfad: Dec 635 (deld)

– Local cpo: Nov 2800

– Indon cpo:
– Nov 692.5
– Dec 695
– Jfm 707.5

– laurics:
– cpko: Nov 343
– rbdpko: Nov/Dec 1480
– rbdpkoln: Nov/Dec 1295
– rbdpks: Nov/Dec 1760

– Rm 4.225
– Crude Oil : Dec 57.39
– Ace : +1 +2 +1
– Dce: Jan 5656 (+30) May 5746 (+34)
– 6 ports Europe Sfo starting out Dec 800 jfm 807.5 v 795 amj 822.5 v 805 jas 832.5 Ond 832.5….
– Black Sea sunflower oil JFM 770 vs 760 , AMJ 777 vs — and JAS 785 vs —
– Russian sunflower oil offered at USD 760 v –
– Spain offered at USD 800 vs—
– Italy offered at USD 795 vs –
– CIF India offered ND 810, Dec 812, JFM 820 and AMJ 827.50
– Turkey offered at USD 790 vs –
– Currency INR 65.01, Euro 1.1570, Rub 58.73 and RM 4.223

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

Indian markets is a buzz with the rumours about possible duty increase on sunflower oil and Soybean oil and this is why no trade is being reported. Local sellers have not opened any price and are waiting for the big announcement. Ukraine sunflower oil is holding to yesterday’s levels and we do hear small trades happening around offered prices. Indians yesterday booked good volumes of sunflower oil for nearby shipment and we hear trades ranging 809-815 levels. Today offer prices are slightly higher with 820 indications.

 

  • Palm oil Market Close
  • Bmd: 2837 (+22)
  • H2838/L2802
  • Vol: 49,122

 

  • oln:
  • Nov 697.5 vs 692.5
  • Dec 697.5 vs 690
  • Jfm 702.5 vs 698 trd 700-697.5
  • Amj 702.5 vs 698 trd 700-697.5
  • Jas 682.5 vs 675
  • Ond 672.5

 

  • rbdpo: -5

 

  • strn: Nov 710 (deld)
  • pfad: Nov 640 (deld)

 

  • Local cpo: Nov 2830

 

  • Indon cpo:
  • Nov 697.5
  • Dec 697.5
  • JFM 705

 

  • laurics:
  • cpko: Nov 353
  • rbdpko: Nov/Dec 1520
  • rbdpkoln: Nov/Dec 1330
  • rbdpks: Nov/Dec 1800

 

  • Rm 4.23
  • Crude Oil : Dec 55.01
  • Ace : +17 +15 +15
  • Dce: Jan 5654 (-72) May 5750 (-34)

 

  • 6 ports Europe SFO seller JFM 810 AMJ 825 JAS 835 OND 835
  • Black Sea sunflower oil ND 765 vs — , JFM 770 vs 762.5, AMJ 775 vs –
  • Russian sunflower oil offered at USD 760 vs –
  • Spain offered for Dec 805 and Jan 810 vs –
  • Italy offered at USD 800 vs –
  • CIF India LW ND 817, JFM 820 vs –, AMJ 825 indicatively
  • Turkey offered at USD 800 vs –
  • Currency 64.61, Rub 58.19, Euro 1.16 , and RM 4.23