headerphoto

Blog posts : "oil news"

Commezbank Says positive in financial market

Commerzbank says positive mood in financial market will send good sentiment on Agri commodities. Traders feel South africa Soy crop likely to suffer seriously from drought.Brazil crop Forecaster Conab said rainfall in major soy region is expected to remain below average & will  be poorly disturbed f…

Read more

oill prices can be lower down

If dollar is continuing to fall this way this may impact oil commodity market . oil market is lower down to   51.77 today.

KLC to trade in 3200-3400 range due to production concern in argentina and high malysia stock  Weak economic outlook will put pressure market.

India Edible oil import likely to rise by 5% to 8%

India 2011-12 edible oil import likely to rise by 5%-8% on small oil seed crop and rising local consumption.High import by india to boost global Prices - Adani Wilmar CEO

China will be world largest importer

China will become world largest importer of agriculture products  in 5-10 years as country faces reduction in Farmland.

World Economic Growth

World Economic Growth in 2012 is expected to be 3.5% vs 2.9% in 2011 , with world inflation rate & dollar falling.

Canola crop

Auatralia  2011-12 canola crop Forecast 2.59 Mts up 21% Y0Y. Wet weather in Europe may delay harvest  for winter rapeseed.

India production

India 2011/2012 expected production : cotton 31.2 Mln bales vs 29.5 LY, sugar 242 LT, oilseeds 302.5 vs 248.8 LT  last year , pulses 175 vs 146.6 LT , Total food grain 240 vs 235.88 Mln Ton.

RBD OLEIN

Malaysia FOB RBD OLIEN JULY SELLER 1220$/BUYER 1112.5 AS 1197.5/1190 , OND 1160/1157.5, INDONESIA CPO JULY 1157.5 $/1145 AS 1132.5/1122.5 , OND 1115/1110.

Kharif crops

India government raises kharif crops MSP Soy yellow Rs 1690(LY 1440), black 1650(1400), GN 2700(2300), Cotton medium staple 2800(2500), Long staple 3300(3000)

China Soybean pricess stable

China soybean prices stable because demand from crushers slow , Port stock rise 63LT from crushers slow , port stock rise 63LT  from 67000 Tons last week . Production  140LT against 152 LT last year, 80% demand met by imports. 

China soyoil import from Argentina

China soyoil import from Argentina may help domestic prices down , this may complicate for soya crushing industry as record soyabean stock & negative crushing margin.

US Soy bean planted increases

US Soy bean planted 22% as of 15  May  up from 7% last week but below average of 31% on  year. Corn planted 63% up from 40% last week.

India port sock on 1 May

India port sock on 1 May - CPO 2.20 Lt , RBD 50000T, Soy 1LT , Sunflower oil 65000T, total 4.35 LT + Pipeline 8.40LT , Total May availability 12.75 vs 13.45LT in April.

Pre-monsoon showers Kerala more than normal

Pre-monsoon showers likely to lash Kerala on May 16-22 more than normal, No cyclone expected ahead of monsoon onset over india .

CIS countries will increase oilseed production

Farmers of CIS countries will increase oil seed production sharply to 270 LT in 2011 up 361LT from last year . Argentina soy production + 5LT at 495 LT.

Traders expect USDA to increase

Traders expect slightly increase its forecasts for domestic soybean supplies . Crop report will release Wednesday 8:30 am 

Egypt increase soyabean imports

Egypt may  increase soyabean imports 1.887 MMT  from an estimated 1.85 MT  in the current year on increase demand for cooking oil and animal feed.

Cotton arrival 1 oct to 1 may

Cotton arrival 1 oct to 1 may 2010-11 lakh balle, last year 279 lakh balle (1 Balle = 170 kg), Daily arrivals 50000 Balles.

Palm oil import demand to rise

Palm oil import demand started to pick up in April and is likely to expand in May.World soybean export recovered seasonally to 91LT in April 

Ukraine soyabean production expected to increase

Ukraine soyabean production expected to increase in 2011/12 due to supportive market trends and an assumption of unrestricted exports-USDA

20 blog posts