Sunflower Oil Market Report
Veg oil complex is showing some sign of mid week recovery as bean oil improves USD 5 PMT. Demand for Palm is stable and export numbers for Malaysian exports are expected to be only 3% less on Month on Month basis. AMSpec reported total Export from Malaysia to be 1.03 million MT as against June 2018 number of 1.07 Milion MT a drop of 42k or 3.94%. Ukraine sunflower oil traded a few times yesterday for Aug at 737, and OND at the close was offered 712 vs 708 levels. Indian markets were buzzing with rumours of cheap offers and it appears that now a vessel load demand can come for OND around the levels of 745 ciflw. On our side the cheapest offers which we saw were USD 755 and highest seller was at USD 765/-. Middle East and Europe were not too keen to buy cargo and thus not much to report from there.
- Palm oil Midday Market Close
- Bmd: 2193 (-1)
- H2201/L2190
- Vol: 14,203
- oln:
- Aug 555
- Sep 562.5
- Ond 580 vs 575
- Jfm 597.5 vs 595 trd 595
- Amj 615/12.5 vs 610 trd 612.5
- rbdpo: -2.5
- strn: Aug 560 (deld pg)
- pfad: Sep 485 (deld)
- Local cpo: Aug 2190
- Indon cpo:
- Sep 537.5
- Oct 547.5
- laurics:
- cpko: Aug 217
- rbdpko: Aug 1000
- rbdpkoln: Aug 905
- rbdpks: Aug 1120
- 6 ports Europe sfo aug 765 sept 760 ond 747.5 v 740 jfm 750 v 747.5 amj 755 v 750 jas 765
- Black Sea sunflower oil Sept 735 vs 715, OND 712 vs 705 and JFM 720 vs --
- Russian sunflower oil near by offered USD 735
- Spain offered at USD 775 vs --
- Italy offered at USD 770 vs 00
- CIF India Aug 785, Sept 780 and OND 760 offered firm vs 745 buying Idea
- Turkey offered at USD 770 vs ncb
- Currency INR 68.58, RM 4.06, Rub 62.53 and Euro 1.1688