Ukraine palm oil imports hit a seven-year high
Ram Gopal Yadav (8 years ago)

Ukraine imported 28.8 KMT of palm oil in November 2017, or 88% more than in the previous month (15.3 KMT) and 51.6% more than in November 2016 (19 KMT). Palm oil imports to Ukraine hit a seven-year high of some 78 KMT in September-November 2017/18. This is up 43.7% from the same time last season (54.6 KMT).

Russia oilseed stocks in early December were down almost 8% year-on-year
Ram Gopal Yadav (8 years ago)

Russian agricultural companies held 3696.3 KMT of oilseeds as of December 1, 2017, or 311.1 KMT (7.8%) less than at the same time last year (4007 KMT). Oilseed inventories dropped by 311.1 KMT in November. Farmer sunseed stocks totaled 2181.6 KMT, or 322.5 KMT (12.9%) less than at the same time last year (2504.1 KMT). Sunseed inventories dropped by 59 KMT in November.

NCDEX coriander hits 2-week high as output may fall
Ram Gopal Yadav (8 years ago)

Futures contract of coriander on the NCDEX hit a two-week high of 5,714 rupees per 100 kg today due to expectations of lower rabi output following an over 40% decline in acreage. The most active January contract of coriander on the NCDEX was at 5,685 rupees per 100 kg, up 1.9% from the previous close. Lower moisture and unfavourable weather conditions have been witnessed in major states (Gujarat and Rajasthan), which may reduce the yield of coriander seeds.

Delhi Mustard oil weakens on subdued local demand.
Ram Gopal Yadav (8 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.

European vegoils-Palm oil firmer on positioning ahead of reports
Ram Gopal Yadav (8 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.

Argentine soy planting pushed by drought into mid-January
Ram Gopal Yadav (8 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.

Malaysia palm oil production and stocks to rise in my 2017/18
Ram Gopal Yadav (8 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.