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

Veg oil markets are well supported today and much of the bearish factors already priced in. Palm and Bean oil are coming out of Indian duty increase effect and so is Sunflower oil which has seen some good demand locally and is also seeing god trades in FOB. Nearby shorts for September month are rushing to buy FOB and we saw traded at 765 and 767 for September month though small volumes. OND is still offered at USD 765 and buyers are only at 755 at the moment. Indian markets are seeing some demand in local oils and sellers are finally able to sell some stocks. If the demand continues then we can see business for OND and JFM. We are close on JFM and expect the business to happen in some time.

 

  • Palm oil Market Close
  • Bmd: 2658 (+21)
  • H2665/L2638
  • Vol: 46,411
  • oln:
  • Aug (deld) 650
  • Sep 650 vs 645 trd 647.5-650
  • Oct 647.5 vs 645
  • Ond 647.5 vs 645 trd 641.5-645
  • Jfm 652.5 vs 650 trd 648-652.5
  • Amj 657.5 vs 652.5
  • rbdpo: -7.5
  • strn: Sep 635 (deld)
  • pfad: Sep 615 (deld)
  • Local cpo: Aug 2660
  • Indon cpo:
  • Sep 652.5
  • Ond 655
  • laurics:
  • cpko: Aug 297
  • rbdpko: Sept 1245
  • rbdpkoln: Sept 1120
  • rbdpks: Sept 1630
  • 6 ports Europe Sfo opens seller sept 800 ond 805 v 797.5 jfm 815 v 805 amj 825 v 812.5 jas 835
  • Black Sea sunflower oil  Sept FOB offered 770 vs 765 (traded a few times) OND Sellers 765 vs 755 and JFM sellers 770 vs —
  • Russian sunflower oil offered at USD 760 vs –
  • Spain offered at USD 812.50 vs –
  • Italy offered at USD 800 vs –
  • CIF India offered Sept 827.50, October 822.50 and ND 817.50 indicatively.
  • Turkey offered at USD 810 vs –

Currency INR closed today, Euro 1.1706, Rub 59.40 and RM 4.2940

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