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

Palm oil is struggling to move up owing to lack of demand stronger ringgit and higher carry out of stocks. MDEX has probably touched its lowest from July and making everyday a new low. Ukraine sunflower oil sellers come everyday with a card rate and return back without doing any business. FOB is offered for JFM 760 and AMJ 770 with less buyers. This is also because Ukraine has exported very good volumes of sunflower oil in Oct at 520k and Nov 470k. December is also expected at about 450k making it a good export pace. Indians like all other destinations are not keen buyers in veg oils specially sunflower oil and are waiting for market to come in parity with local prices. After duty increase the duty paid stock has created a disparity which will take time to vanish and fresh buying in a major way is expected only in new year.

 

  • Palm oil Midday Market Close
  • Bmd: 2569 (+6)
  • H2572/L2553
  • Vol: 10,991

 

  • oln:
  • Dec 647.5
  • Jan 652.5
  • JFM 657.5 vs 652.5
  • AMJ 670 vs 665 trd 667.5
  • JAS 657.5 vs 655
  • OND 655

 

  • rbdpo: -2.5

 

  • strn: Dec 660 (deld)
  • pfad: Dec 615 (deld)

 

  • Local cpo: Dec 2480

 

  • Indon cpo:
  • Dec 647.5
  • Jan 652.5
  • Feb 660
  • Mar 667.5

 

  • laurics:
  • cpko: Dec 321
  • rbdpko: Dec 1455
  • rbdpkoln: Dec 1270
  • rbdpks: Dec 1745

 

  • Rm 4.065
  • Crude Oil : Jan 57.38
  • Ace -7 -3 -4
  • Dce Jan 5298 (-20) May 5416 (-10)
  • 6 ports Europe SFO Dec 777.5 v 765, Jan 790 v 775, JFM 795 v 782.5, AMJ 817.5 v 810, JAS 827.5 v 820, OND 817.5 / 15 v 810
  • Black Sea sunflower oil JFM 760 vs –, AMJ 770 vs –
  • Russian sunflower oil offered at USD 750 vs –
  • Spain offered at USD 805 v –
  • Italy offered at USD 800 vs –
  • CIF India Jan 805, Feb 807, March 810 and AMJ 820 offered indicatively
  • Turkey offered at USD 795 vs –
  • Currency INR 64.45, Euro 1.1844, Rub 58.71 and RM 4.0655

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