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

An explosive morning today in Bean oil. Thanks to Biofuel mandate. At the time of writing this email, bean oil is plus 75 points, exciting palm and other soft oils. India too bought decent amount of sunflower oil yesterday and we saw trades happening till next year June. Domestically, crude sunflower oil traded at JNPT/ Chennai – INR 63000.

 

India is beginning festival season from 25th this month which should attract more demand. Port stocks at JNPT (25000MT) and Chennai (60000MT) are relatively low which should keep the prices well supported. Interestingly, other destinations are not rushing to buy sunoil and FOB sellers for OND are aggressively offering at 780 (traded 777).

If the market continues to remain at current levels, we can see other destinations also coming to shop.

 

 

  • Palm oil Market Close
  • Bmd: 2739 (+2)
  • H2752/L2715
  • Vol: 69,601
  • oln:
  • Sep 670 vs 662.5
  • Ond 667.5 vs 662.5 trd 660-663
  • Jfm 672.5 vs 667.5 trd 665-668
  • Amj 675 vs 667.5/?
  • rbdpo: -7.5
  • strn: Sep 660 (deld)
  • pfad: Sep 630 (deld)
  • Local cpo: Aug 2740
  • Indon cpo:
  • Sep 672.5
  • Ond 675
  • laurics:
  • cpko: Sept 318
  • rbdpko: Sept 1340
  • rbdpkoln: Sept 1190
  • rbdpks: Sept 1720
  • 6 ports Europe sfo opening with a seller ond 825 fm 835 amj 845 jas 860
  • Black Sea sunflower oil   oct 785 , nd 780 and jfm 785 offered
  • Russian sunflower oil offered 770
  • Spain offered at USD 820 vs –
  • Italy offered at USD 815 vs –
  • CIF India offered at October 842.50, ND 837.50 and JFM 842.50 CIF .
  • Turkey offered at USD 820 vs –
  • Currency Inr 64.11, Euro 1.1784, rub 59.11,and Rm 4.27

 

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