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

Veg oil markets are not very active in cash and there is hardly any demand in FOB sunflower oil . Ukraine sellers are maintaining card rate of 740 and buyers are just at 730-732 without any actual trade. Indian markets are confused with little demand at lower prices. Buyers are there for spot cargo to bridge their requirement and thus low volumes. Nothing much happening in the market and mostly we will have to wait for weather or Import duty to give any direction to current market in INDIA.

 

  • Palm oil MALAYSIA FOB:
  • RBD PALMOLIN:
  • Jul 652.5$ vs 647.5 trd 655-652.5
  • As 612.5 trd 612.5
  • Jas 627.5 vs 622.5
  • Local CPO:Jun 2710 RM
  • *
  • Indonsia fob CPO:
  • Jul 657.5$
  • As 620
  • MALAYSIA FOB:
  • RBD Strn:Jul 612.5$
  • Pfad:Jul 605
  • *
  • Laurics:
  • cpko: Jun 252
  • rbdpko: Jun 1080
  • rbdpkoln: Jun 975
  • rbdpks: Jun 1380
  • 6 ports Europe SFO opening June 782.50, JAS 782.50, OND 787.50, JFM 800, AMJ 810
  • Black Sea sunflower oil JAS 740 vs 730, OND 740 vs –
  • Russian sunflower oil offered at USD 710 vs –
  • Spain offered at USD 780 vs –
  • Italy offered at USD 775 vs –
  • CIF India offered for July 785, AS 790 , OND 792.50 and JFM 800 indicatively.
  • Turkey offered at USD 775 vs –
  • Currency INR 64.37, RM 4.2620, Rub 56.89, UAH 26.022 and Euro 1.12.

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

Most of the farmers in India are protesting for the falling prices of the produce. This is specially seen in prices of Soybeans. Industry representatives have approached government to increase the duty of veg oils from current 12% to 25% which could help farmers realize better value of their produce. Sunflower oil saw some good buying support in domestic market and traders were able to find buyers at quoted levels in India. MDEX is not showing any signs of recovery and longs are being careful amidst rumors of India increasing import duty. Bean oil basis is firm and now prices are at par with Sunflower oil.

 

–  Mkt Midday Closing:

DALIAN Sep/Jan

PO -28 5214 -4 4984

BO +6 5270 +8 5894

SB +46 6154 +38 6312

SBM +14 3848 +12 3839

 

CBOT

Esbo Jul +0.01 31.40

Esbn Jul +3.25 926.75

Esbm Jul +1.30 302.40

CBOT Soyoil Share Jul 34.18%

 

ENERGY

Crude Jul +0.18 48.16

Gasoil Jun +5.25 433.50

Brent Aug  -0.05 50.07

POGO Oct +119

 

– Palm oil BMD (3rd month) Aug -15 2484

Hi 2502 Lo 2482

Vol 19,832 lots

 

MSIAN OLN

July 670 v 660

JAS 635 v 631

AS 620 v 615

OND 597.5 v 593.5s

JFM 605 v 603.5
AMJ 612.5 v 605
JAS 605 v

JASOND 605 v

 

INDON CPO
Jun ? v 660

Jul dated 665  v 640
Aug ? v 610

 

LCL MSIA CPO

June DLVD 2760

 

LCL MSIA STEARIN

July DLVD 620

 

LCL MSIA PFAD

July DLVD 617.5

 

 

– 6 Ports Europe sfo offers june , july and jas 785 ond 790 jfm 800 amj 815 awaiting first buyers

– Black Sea sunflower oil JAS 740 vs 730, OND 740 vs —

– Russian sunflower oil offeredat USD 710 vs —

– Spain offered at 780 and 785 for JA

– Italy offered at  775 for near by

– Indian market is offered for near by  at 780, JAS 790 vs —

– Turkey offered at 775

– currency Euro 1.1266, Euro 1.1266, Rub 56.47, and MR 4.260

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

Indian markets are all over the place with increase in duty on cards .  Its strongly rumored that India will increase the import duty on veg oils and this local exchanges are speculatively higher today. This has resulted in some buying in cash markets however importers prefer to wait as they expect the market in USD to come lower as Indians won’t be able to digest much higher prices. Ukraine sunflower oil is now at parity with Bean oil once again thanks to firm basis. Levels quoted for JAS 740 and buyers still hope to cover some cargo around 730 ( though not many buyers at the moment).  Crude oil prices and Import duty in India will give some direction to veg oil prices in this week.

 

– Mkt Midday Closing:

DALIAN Sep/Jan

PO -48 5228 -28 4982

BO +8 5704 +4 5874

SB +13 3825 -1 3815

SBM -5 2650 -2 2684

 

CBOT

Esbo Jul -0.10 31.21

Esbn Jul -0.25 921.75

Esbm Jul +0.30 300.90

CBOT Soyoil Share Jul 34.15%

 

ENERGY

Crude Jul -0.19 47.21

Gasoil Jun +2.000 432.75

Brent Aug -0.13 49.34

POGO Oct +117

 

 

– palm oil BMD (3rd month) Aug -23 2476

Hi 2510 Lo 2474

Vol 14,505 lots

 

MSIAN OLN

July 672.5 v 665

JAS 635 v 632.5

Aug 640 v

AS 622.5 v 615n

Sept 605 v

OND 592.5 v 587.5

JFM 602.5 v 597.5

AMJ 610 v

JAS 605 v

JASOND 605 v

 

 

INDON CPO
Jun 682.5n v

Jul 670n  v
Aug 637.5n v

 

 

LCL MSIA CPO

June DLVD 2770

 

LCL MSIA STEARIN

July DLVD 620

 

LCL MSIA PFAD

July DLVD 620

 

OTHER INFO
SPPOMA – 1-5th June 17

Overall Summary :

Yield: +15.25%

Production: +14.93%

Oer: -0.06%

– 6 port s Europe Sfo slightly cheaper seller Jun 782.5 jul 782.5 jas 782.5 Ond 790 jfm 800 amj 810…

– Black Sea sunflower oil JAS 740 vs 730, OND 745 vs —

– Russian sunflower oil offered at USD 710 vs —

– Spain is offered for July at 780 and Aug 785 v s  775

– Italy offered at USD 775 vs —

– India CIF Sunflower oil offered for July 785, AS 790 vs —

– Turkey offered at USD 775 vs —

– Currency INR 64.42, RM 4.266, Rub 56.70 and Euro 1.1248

 

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

Bean oil basis are firming which is keeping nearby bean oil fob equal to sunflower oil. Palm too is seen moving higher on the news of lesser stocks at Indonesia. Current palm oil stocks are estimated to be lower than 1 million MT on the back of good exports. Indians are looking to buy AS month of sunflower oil but then the sellers are not able to match the prices. Disparity is the name of game today. FOB Ukraine is costly to CIF India parity and Local India sunflower oil is selling at a discount to Replacement. Oil prices are stable and little or no volatility is making the sunflower oil market trade less.

 

Mkt Midday Closing:

DALIAN Sep/Jan

PO -18 520 -32 5004

BO -50 5678 -52 5852

SB -9 3750 -12 3762

SBM -9 2626 -14 2659

 

CBOT

Esbo Jul +0.07 31.41

Esbn Jul +1.75 917.75

Esbm Jul +0.40 298.50

CBOT Soyoil Share Jul 34.47%

 

ENERGY

Crude Jul +0.16 48.79

Gasoil Jun +6.00 451.50

Brent July +0.45 51.21

POGO Oct +101

 

– Palm oil BMD (3rd month) Aug +16 2515

Hi 2529 Lo 2497

Vol 17,659 lots

 

MSIAN OLN

July 682.5 v 677.5

JAS 642.5 v 637.5

AS 625 v 620

OND 595 v 592.5

JFM 602.5 v 601

AMJ 607.5 v 605

JASOND 610 v

 

INDON CPO

Jul 670 v

 

LCL MSIA CPO

June DLVD 2820

 

LCL MSIA STEARIN

July DLVD 620

 

LCL MSIA PFAD

July DLVD 620

 

– 6 ports Europe sfo opens june 785 jas 785 v 772.5 ond 790 v 780 jfm 800 v 785 amj 810 jas 825

– Black Sea sunflower oil june 735 vs –, JAS 740 vs 730, OND 745 vs — Indicatively .

-Russian sunflower oil offered at USD 715 vs —

– Spain offered at USD 785 vs —

– Italy offered at USD 780 vs —

– CIF India June 783, JAS 790 (to do 787.50) vs 777.50, OND 800 v s–

– Turkey offered  at USD 775 vs —

– Currency INR 64.47, RM 4.2855, Euro 1.1236, and Rub 56.58

 

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

Volatile markets as we see palm opening lower and struggling to come back in to green. Most of the international traders and speculators have lost hope of  an immediate rebound and expect the prices to remain soft . Does this give enough reason for all of us to be bullish again ? Farmers in India are protesting for the prices of soybeans they are getting in local market yards and this would mean that government or market on its own will have to do something about it. So far most of the Indian commodities are trading at a disparity and are suffering with higher port stocks.   On other hand palm is coming up with new variety which improve the yields and eventually supplies. Ukraine sunflower oil sellers are seeing little demand from destinations and prices are aggressively offered just to catch hold of any one bidding close. India is rumored to have traded for June at aggressive price levels of USD 780 and demand for Aug Sept also is around the same price levels looking at firm basis on bean oils. Monsoon has hit India well before time and a good monsoon will be over all good for Industry and farmers alike.

 

– Mkt Midday Closing:

DALIAN Sep/Jan

PO -124 5290 -104 5040

BO -138 5728 -136 5902

SB -90 3753 -76 3767

SBM -79 2627 -72 2665

 

CBOT

Esbo Jul -0.08 31.34

Esbn Jul +1.50 914.25

Esbm Jul +0.60 298.20

CBOT Soyoil Share Jul 34.45%

 

ENERGY

Crude Jul -0.30 49.35

Gasoil Jun +2.25 457.25

Brent July -0.19 51.65

POGO Oct +95

 

– Palm oil BMD (3rd month) Aug +5 2509

Hi 2518 Lo 2482

Vol 26,782 lots

 

MSIAN OLN

July 684 v 680

JAS 643 v 640

AS 622.5 v 615/17.5

OND 596/95 v 593

JFM 605 v 602.5

AMJ 612.5 v 605

 

INDON CPO

Jun 687.5 v

Jul 667.5 v

Aug 635 v

Sep 615 v

OND 605 v

 

LCL MSIA CPO

June DLVD 2820

 

LCL MSIA STEARIN

June DLVD 625

 

LCL MSIA PFAD

June DLVD 625

 

OTHER INFO

May 1-31 Days ITS:  1,306,374mt v 1,125,942mt (+180,432mt, +16.02%)

 

– 6 ports Europe sfo opening june 785, july 785, JAS 785, OND 790 , JFM 800 and AMJ 815 sellers

– Black Sea Ukraine FOB SFO June 735, JAS 743 vs 735, OND 745 vs —

– Russian sunflower oil offered at USD 710

– Spain offered at USD 785 vs —

– Italy offered at USD 780 vs–

– India CIF Landed weight offers  June offered 780 , JAS 790 vs 780,

– Turkey offered at USD 775 vs –

– Currency INR 64.511, UAH 26.32, Rub 56.7125, RM 4.28 and Euro 1.115

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

Ukraine plants sunflower seed crop in larger area then previous year with good pace and thus removing any doubts about lesser crop for next oil year. Soybeans and soybean meal still touching new lows after the long weekend.  Weather still shows some decent conditions to get the crop planted, no major fears over the long weekend.  The little drier forecast has traders leaning on more soy to be planted .  Palm is down again today , as traders expect lesser demand due to RAMADAN month. Most of the buyers have already stocked the oil and is being consumed now. Palm pre lunch session for down over 1.5% which in now recovered a bit to show marginal lows only. Indian markets are very stable with limited price volatility and thus we don’t see any major activity , neither in cash nor in futures.  Sunflower oil demand from India is going to come only for JAS and that too around 770-775 lvls. So far India has already imported 1.35 million MT of Sun oil and China though started aggressive but then limited its volume to only 350k so far in this oil year. As per our initial estimates India is on its way to Import about 1.8 million MT of sun oil in  this oil year and this figures will be increased for new crop to about 2 million MT which is where we will find base demand from India (provided sunflower oil remains at par to marginal premium over bean oil ).

 

– Mkt Midday Closing:

 

DCP closed to observe dragon boat festival holiday

 

CBOT

Esbo Jul -0.10 31.50

Esbn Jul -2.75 923.75

Esbm Jul -0.50 301.30

CBOT Soyoil Share Jul 34.32%

 

 

ENERGY

Crude Jul +0.10 49.90

Gasoil Jun -2.25 464.00

Brent July -0.11 52.18

POGO Oct +89

 

– Palm oil BMD (3rd month) Aug -27 2489

Hi 2532 Lo 2487

Vol 16,920 lots

 

MSIAN OLN

July 677.5 v 676

JAS 637.5 v 635

AS 615 v 612.5

OND 592.5 v 587.5

JFM 600 v 597.5

AMJ 607.5 v 600

 

INDON CPO

Jun 680n v
Jul 662.5 v

 

LCL MSIA CPO

June DLVD 2810

 

LCL MSIA STEARIN

June DLVD 625

 

LCL MSIA PFAD

June DLVD 625

 

 

– 6 ports Europe Sfo ond 797.5 v 790 jfm 807.5 amj 820

– Black Sea sunflower oil offered June 740, JAS 743 vs 735, OND 745 vs —

– Russian sunflower oil offered at USD 710 vs —

– Spain offered at USD 785 vs —

– Italy offered at USD 780 vs —

– India offered for June 785, JAS 795 and OND 800 indicatively

– Turkey offered at USD 775 vs —

– Currency INR 64.64, Rub 56.49, Euro 1.1152 and RM 4.2815

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

Monday morning , US holiday and Palm starting with a dull note makes and already dull day uneventful so far. Ukraine black sea opens to unchanged levels as most of the plants are planning their scheduled maintenance or switching to  rape seed processing giving some support to sunflower oil and meal prices. Indians are not keen buyers and with the GST around the corner  traders and businessman are not planning to carry huge inventories. Stocked oil is being consumed and fresh demand will only come for JAS months if the CIF India prices come around 780-785 levels . Coming USDA is not expected to be bullish and thus won’t be able to influence the current prices.

 

– Mkt Midday Closing:

 

DCP closed to observe dragon boat festival holiday

 

Cbot closed to observe US Memorial Day Holiday

ENERGY

Crude Jul -0.13 49.67

Gasoil Jun +1.25 462.50

Brent July -0.05 52.10

POGO Oct +96.49

 

-Palm oil BMD (3rd month) Aug -31 2524

Hi 2549 Lo 2522

Vol 11,179 lots

 

MSIAN OLN

July 690/87.5? v 680

JAS 645 v 640

Aug 645 v

AS 625 v 620

OND 600 v 595/97.5

JFM 608 v 602.5

AMJ 612.5 v 607.5/09

 

INDON CPO

July 665 v

 

LCL MSIA CPO

June DLVD 2850

 

LCL MSIA STEARIN

June DLVD 640

 

LCL MSIA PFAD

June DLVD 635

 

– 6 Ports Europe  sfo opening june 790 july 790 jas 792.5 ond 800 jfm 805 amj 817.5

– Black Sea sunflower oil FOB Ukraine June 742.50, JAS 745 vs 740 (may be), OND 750 vs 730 indicatively.

-Russian sunflower oil FOB offered USD 710 vs —

– Spain offered at USD 785 vs —

– Italy offered at USD 780 vs —

– CIF India prices June 790  JAS  795 and OND 800 vs —

-Turkey offered at USD 775 vs —

– Currency INR 64.54, RM 4.27, UAH 26.38, Rub 56.51 and Euro 1.11