Shephali

AgriCommodity Research Analyst

[Shephali @solivagant_7]

@facescanada They are scammer, I’d order on April 10, they send a bloody free order, rest are MIA, customer service is pathetic, no one replies on WhatsApp, no update on delivery

[Shephali @solivagant_7]

#BlackSeaGrainDeal comes to an end as Russia walks away. Below pictures depicts the timeline of the black sea grain deal's journey.
Will Russia and Ukraine once again come together to reinstate the Black Sea grain deal?
Do share your views.

[Shephali @solivagant_7]

The Danube as well as road and rail routes from Ukraine to Pol, Rom & other neighboring countries, have been developed as export channels since the invasion, But all these routes r able to shift a fraction of what Ukraine export, & are much more expensive logistically than by sea

[Shephali @solivagant_7]

Afr the end of #GrainDeal only small Danube seaports are functioning as a Seagate for grain exports from #Ukraine
Kremlin: It's Impossible to Return to Lapsed Black Sea Grain Deal for Now. Putin Has Made Clear GrainDeal Can Be Revived if Agreements Related to #Russia Are Honoured

[Shephali @solivagant_7]

According to SOPA, Soybean arrival and crushing in June'23 stood at 8 LT and 7.5 LT, respectively. Soybean arrival rose by 14%, whereas, crushing rose by 7% m-o-m. Soy oil production for the month stood at 1.35 LT compared to 1.26 LT in the previous month.

[Shephali @solivagant_7]

CBOT July Soy oil futures rose 6.87% on 30 June, amid the low soybean crop acreage, wkly futures gain is 12.20%, and mnthly gain is 40.71%.
Acc. to USDA, bean acreage stood at 83.51 mln acres, down from last year's 87.45 mln acres, falling short of mrkt's expcttn of 87.67 ml acrs

[Shephali @solivagant_7]

#Palmoil September contract is trading near a strong resistance zone, prices may witness sideways momentum in this level. However, If prices witness an up move past the current level of 3,800 MYR, then a sharp rise in prices to 4,100 MYR level can be seen in the near future.

[Shephali @solivagant_7]

Palm oil Sept cntrct saw weak momentum for the day (20th June) as exports from Malaysia saw 12-16% decline. BMD Palm oil Sept cntrct opened at 3,758 MYR/MT, touched a higher level at 3,791 MYR & corrected down to 3,723 MYR/MT, & prices last traded at 3,723 MYR/MT, down by 30 pts

[Shephali @solivagant_7]

@i_amnaveed It may have an impact in the long term.

[Shephali @solivagant_7]

Indian Govt cut the import duty of ref soy oil and refined sun oil to match it with the import duty of RBD palm olein & palm oil. India mainly imports CDSO and CSFO; however, it may shift the demand toward imports of ref soft oils, weighing on edible oil basket prices.

[Shephali @solivagant_7]

Jaipur Mustard Expeller oil prices have consolidated in the range of Rs 900-950/10 Kg since 1st June. Demand from buyers is down as they are cautious in the falling market. Whereas, the recent jump in rival oils is underpinning the mustard oil prices.

[NAFED India @nafedindia]

#MustardProcurement #NAFED #agriculture #rabi #monsoon #Haryana #MustardRate #MustardMSP

[Shephali @solivagant_7]

MPOB expects Malaysia might experience drop in CPO production of approx 1-3 MMT in 23-24, due to the El Nino weather phenomenon. Current year's production is unlikely to be affected by El Nino since it typically takes around 15-18 months for its impact on prod to become evident.

[NAFED India @nafedindia]

#MustardProcurement #NAFED #agriculture #rabi #monsoon #Haryana #MustardRate #MustardMSP

[Shephali @solivagant_7]

Soybean exports from Brazil this year are projected to reach 95.7 million tonnes, an increase of 17 million tonnes compared to the previous year and two million tonnes higher than the previous forecast.

[Shephali @solivagant_7]

ABiov has revised Brazil's soybean crop and export forecast up for 2023. Production is estmtd at 155 MT, surpassing April forecast by 1.4 million tonnes. Favorable weather conditions and higher planted area will contribute to a 20% growth in national production compared to 2022.

[Shephali @solivagant_7]

Indian #Mustardoil prices witnessed an upward trend on 18 May, particularly for #expelleroil. The market saw an increase in prices due to limited supply caused by the closure of a significant number of expeller mills. This closure was a result of disparities in seed crushing.

[Eric T @EctTan]

#Indonesia lower Crude #Palmoil export tax to $74/T from $124/T and exports levy to $95/ton from $100/ton, as reference prices reduced to $893.23/T for May 16 - 31 shipments, compared to the previously set price of $955.53/T

[Shephali @solivagant_7]

According to SEA, India’s April edible oil imports jumped 13.51% y-o-y to 10.22 LT compared to 9.00 LT in April 2022, primarily due to increased Sunflower oil imports. While on a monthly basis, edible oil imports fell by 10% compared to 11.35 LT in March 2023.

[Shephali @solivagant_7]

China has stated that its demand for GN oil from India has decreased due to the adulteration found in food-grade GN oil, resulting in shipments reiterated to India. Domestic demand is already down as GN oil has a high premium over competing oils, making its market lackluster.