Sunflower Oil Market Report

Already an action packed day in sunflower oil. Indian markets have understood that the replacement is costlier and thus local refiners started covering cargo sold at disparity locally. This helps them to average their future purchase and tide over disparity better. Not much is available in India and we expect Indian market prices to remain firm only. At the time of writing this email Indian market had already traded at  INR 74500 JNPT and INR 75000 for Chennai . A jump of about INR 2000 PMT and we do see more buying interest. FOB Ukraine is offered firm with OND yesterday traded at $725 and $730 levels. Today we have willing buyers for OND at $730 and CIF India traded for OND and JFM. Understand about 45k of total cargo traded. Ukraine sellers in Sunflower oil are offering JAS 745 and OND 735 with buyers USD 5 below. We expect again some good trades in FOB and CIF India. Palm oil too has strengthen and MDEX is up 27 points. Over all a very good day yesterday and today for veg oils .

• Palm oil Midday Market Close
• Bmd: 2289 (+12)
• H2290/L2271
• Vol: 9,448
• oln:
• Jul 590 vs 582.5
• As 595 vs 587.5
• Ond 605/02.5 vs 600 trd 599-600
• Jfm 625/22.5 vs 620 trd 620
• Amj 635 vs 630
• rbdpo: -2.5
• strn: Jul 587.5 (deld)
• pfad: Jul 487.5 (deld)
• Local cpo: Jul 2300
• Indon cpo:
• Jul 580
• Aug 580
• Sep 582.5
• Ond 587.5
• laurics:
• cpko: Jul 215
• rbdpko: Jul 1000
• rbdpkoln: Jul 900
• rbdpks: Jul 1130
• 6 ports Europe Sfo opens jas 762.5 ond 767.5 jfm 772.5 amj 780
• Black Sea sunflower oil offered JAS 745 vs 735, OND 735 vs 730 buyer, JFM 745 offered
• Russian sunflower oil  offered at USD 735 for near by
• Spain offered at USD 775 vs --
• Italy offered at USD 772.50 vs --
• CIF India  July : 787.5 ,  Aug: 790 , Sep : 785 , OND: 780, and JFM : 785 indicatively
• Turkey offered Mersin at USD 770 vs –
• Currency INR 68.54, Euro 1.1638, RM 4.02, and Rub 63.201