Malaysia palm oil production and stocks to rise in my 2017/18
Ram Gopal Yadav (7 years ago)

Production for MY2017/18 remained within Posts forecast of 21 million tons. Post El-Nino recovery will see production increase by month-on-month basis and will peak on third and last quarter of MY 2017/18. Total harvested area in 2017/18 is projected to increase to 5.2 million hectares.

Argentine soy planting pushed by drought into mid-January
Ram Gopal Yadav (7 years ago)

The drought afflicting Argentina’s soy belt is expected to worsen this week, pushing farmers to risk planting later than usual and raising the risk of frosts later in the season. With an estimated 2.25 million hectares yet to be sown. Rainfall should improve between Jan. 15 and Jan. 20. But until then there will be no important rains.

European vegoils-Palm oil firmer on positioning ahead of reports
Ram Gopal Yadav (7 years ago)

Palm oil on the European vegetable oils market was stronger, tracking gains in Malaysian palm oil futures on positioning ahead of Wednesday’s MPOB supply/demand and stocks report. Prices for palm oil were between unchanged and $10 a tonne higher after Malaysian palm oil futures closed between 13 and 31 ringgit higher as futures traders anticipate better exports ahead of data due later this week. CBOT soyoil futures were between 0.27 and 0.41 cents per lb lower.

Delhi Mustard oil weakens on subdued local demand.
Ram Gopal Yadav (7 years ago)

Mustard oil prices softened by Rs 50 per quintal in an otherwise steady wholesale oils and oilseeds market owing to sluggish local demand. Castor oil in the non-edible section, also eased on reduced offtake by consuming industries. Sluggish demand from local parties, mainly weighed on mustard oil prices. National Commodity and Derivative Exchange, mustard seed to be delivered in January declined 0.62 per cent.The delivery for the most-active February fell 0.53 per cent, clocking an open interest of 34,640 lots.