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

Malaysian palm prices continue to remain under selling pressure anticipating of good production and higher end stock ranging between 2.44 to 2.50 mil. This is one of the highest in last 2 years. Further long liquidation coupled with technical sell off would test lower levels on FCPO. Bean oil to follow the suit by correcting USD 12 adjustment in basis giving tough fight to Sunflower oil for market share in destination countries. Indians have purchased some sunflower oil for Dec Jan months at USD 797 and 805 levels and are looking to price some thing lower today. Export pace has been very good for sunflower oil hence we don’t see immediate pressure on sunflower oil prices as they continue to remain lower to bean oil offered levels.

 

  • Palm Oil Midday Market Close
  • Bmd: 2525 (-10)
  • H2530/L2506
  • Vol: 11,960

 

  • oln:
  • Dec 640
  • Jan 642.5
  • JFM 645 vs 641.5
  • AMJ 657.5 vs 655 trd 655
  • JAS 645 vs 642.5
  • OND 640

 

  • rbdpo: -2.5

 

  • strn: Dec 647.5 (deld)
  • pfad: Dec 610 (deld)

 

  • Local cpo: Dec 2450

 

  • Indon cpo:
  • Dec 640
  • Jan 642.5
  • Feb 650
  • Mar 652.5

 

  • laurics:
  • cpko: Dec 318
  • rbdpko: Dec 1435
  • rbdpkoln: Dec 1270
  • rbdpks: Dec 1730

 

  • Rm 4.081
  • Crude Oil : Jan 56.17
  • Ace unch -1 -2
  • Dce Jan 5218 (-70) May 5336 (-68)

 

  • 6 ports Europe Sfo Dec 772.5 v 765 jan 785 v 777.5 jfm 785 v 780 amj 810 v 805 jas 825 v 817.5 ond 810 v 805
  • Black Sea sunflower oil JFM 760 vs –, AMJ 770 vs –
  • Russian sunflower oil offered at USD 755 vs –
  • Spain offered at USD 800 vs –
  • Italy offered at USD 795 vs –
  • Cif India opens again to stable rates Jan 805, Feb 807, and March 810 indicatively
  • Turkey offered at USD 790 vs –
  • Currency INR 64.55, Rub 59.23, RM 4.05, and Euro 1.1793

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