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

Monday starts on a better note as Palm shows signs of recovery. Domestic Indian markets are also showing a good jump in beans with Indian government again planning to increase the import duty on veg oils. Ukraine sunflower oil starts more or less unchanged with sellers for March at 750 and AMJ offered at USD 762. Palm will again swing into negative zone once the reports of 1-20 exports being lesser by 16.7% as per ITS goes in Market. Over all we do feel that markets have bottomed out or we are near bottom at least here in India with disparity in most of the imported oils. We do see some demand in India for domestic oil today nearby and also for AMJ and JAS month. If the market remains supportive we can see some good business happening.

 

Msian Exports Jan 1-20

ITS:  727,958mt v 874,022mt (-146,064mt, -16.71%)

 

SGS: 744,706mt v 865,309mt ( -120,603mt, -13.94%)

 

  • Palm oil Midday Market Close
  • Bmd: 2467 (+22)
  • H2474/L2445
  • Vol: 12,530

 

  • oln:
  • Feb 645
  • Mar 652.5
  • Apr 652.5
  • AMJ 652.5 vs 650 trd 652.5
  • JAS 647.5 vs 643 trd 646-646.5
  • OND 645 vs 640

 

  • rbdpo: -2.5

 

  • strn: Feb 660 (deld)
  • pfad: Feb 620 (deld)

 

  • Local cpo: Jan 2460

 

  • Indon cpo:
  • Feb 632.5
  • Mar 637.5
  • AMJ 650
  • JAS 647.5

 

  • laurics:
  • cpko: Jan 299
  • rbdpko: Jan 1400
  • rbdpkoln: Jan 1235
  • rbdpks: Jan 1640

 

  • 6 ports Europe sfo so far see jan ? feb ? mch 795 apl 805 amj 805 jas 825 v 815 ond 815 jfm 825
  • Black Sea sunflower oil offered FM 750 vs 740, AMJ 762 vs 750, JAS 775 vs –
  • Russian sunflower oil offered at USD 745 vs—
  • Spain offered FM 790 and April 800
  • Italy offered for FM 787.50 vs –
  • CIF India offered F 795 M 800 , AMJ 810 and JAS 820 indicatively
  • Turkey offered at USD 790 for near by
  • Currency – INR 63.77, Euro 1.2252, RM 3.93 and rub 56.57

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