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

Veg oil markets are very volatile today. Bean oil and palm both are swinging in red and green with a bullish undertone. Funds are long in oil and most of the technical gurus are also talking about a bullish scenario. New about China buying soybean helped beans to remain firm.  Crude sunflower oil prices are well supported with buyers for nearby and ND at 770 / 772 mark. New crop seeds have started coming in Ukraine with moisture of 11-12% at the moment. It appears that we will ship out first new crop cargo very early in September.  Indians are busy in festivals and the demand is also good . Buyers are looking to cover for OND JFM and mostly at the levels of 820-25 against offers at 840. Tensions in North Korea and world trying to avoid a war is the only factor to weigh in on prices.

 

  • Palm oil Midday Market Close
  • Bmd: 2766 (-1)
  • H2768/L2754
  • Vol: 16,665

 

  • oln:
  • Sep 685
  • Oct 685
  • OND 682.5 vs 680 trd 680
  • JFM 685 vs 681.5/82.5? trd 678.5-680
  • AMJ 685 vs 681.5/82.5? trd 683

 

  • rbdpo: -7.5

 

  • strn: Oct 675 (deld)
  • pfad: Oct 630 (deld)

 

  • Local CPO: Sep 2760

 

  • Indon CPO:
  • Sep 680
  • Oct 680
  • ND 680

 

  • laurics:
  • cpko: Sept 323
  • rbdpko: Sept 1360
  • rbdpkoln: Sept 1200
  • rbdpks: Sept 1760

 

  • 6 ports Europe SFO Sep seller 810, OND 815 v 807.5, JFM 822.5 v 812.5, AMJ 832.5 v 822.5, JAS 842.5
  • Black Sea sunflower oil offered OND 782.50 vs 772.50, JFM 785 vs 772.50 and AMJ 785 vs —
  • Russian sunflower oil offered at USD 770 vs –
  • Spain offered at USD 820 vs 810
  • Italy offered at USD 815 vs –
  • CIF India offered for Oct 840, ND 835 and JFM 840 respectively
  • Turkey offered at USD 810 vs –
  • Currency INR 64.12, Euro 1.1941, RM 4.23, and Russian Rub 57.42

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