Sunflower Oil Market Report
Veg oil markets are more or less remaining in a very narrow range . Sunflower oil in particularly remained close to lows between 630-640 for almost three weeks now. Bean oil too is fluctuating between 620-640 FOB for some time. MDEX today managed to recover and closed above 2150 mark. Technically there will be some more upside on palm before we see profit taking and year end sale on palm. Forwards are discounted in bean oil and thus no major buying support for sunflower oil on forward months. Buyers across the globe are buying hand to mouth and are not in a rush to cover oils and are tempted for bargain hunting.
- Palm oil Market Close
- Bmd: 2153 (+32)
- H2158/L2106
- Vol: 56,071
- Oln:
- Dec 502.5
- Jan 505 vs 500, trd 502.5
- Feb 525
- FM 532.5 vs 525, trd 525
- Amj 562.5 vs 557.5, trd 552.5
- Jas 562.5 vs 557.5, trd 560
- Ond 565
- Rbdpo: -5
- Strn: Jan 475 (deld pg)
- Pfad: Jan 335 (deld)
- Local cpo: Jan 1990
- Indon cpo:
- Jan 467.5
- Feb 477.5
- Mar 497.5
- Laurics:
- Cpko: Jan 188
- Rbdpko: Jan 860
- Rbdpkoln: Jan 760
- Rbdpks: Jan 1030
- 6 ports Europe dec 680 jan 677.5 feb 670 f/m 672.5, amj 677.5 v 670 jas 687.5 v 682.5 ond 700 v 690.
- Black Sea sunflower oil JFM 642 vs 635, AMJ 642 vs –
- Russian sunflower oil indicated at USD 635
- Spain offered JFM 682 and AMJ 684
- Italy offered at USD 680 vs –
- CIF India JAN 695 vs 680 , FMA 687.50 vs 675
- Turkey offered at USD 680 vs –
- Currency INR 70.83, RM 4.1750, Rub 66.80 and Euro 1.1385