Rajendra's Feed
Sep 28, 2014

Palm oil to hit new 5-1/2 year low at 1,900 ringgit-analyst Mistry

MUMBAI, Sept 28 (Reuters) – Palm oil prices are likely to
fall nearly 13 percent to hit a new 5-1/2-year low of 1,900
ringgit ($583.36) per tonne on higher output and sluggish
demand, but losses could be restricted to 2,000 ringgit if the
Malaysian currency depreciates sharply, leading analyst
Dorab Mistry said.

Malaysian palm oil futures settled at 2,177 ringgit
($668.40) per tonne on Friday, after hitting a 5-1/2-year low at
1,914 ringgit on Sept. 2.

Sep 28, 2014

Malaysia could allow duty free palm oil exports until year end- Felda Global

MUMBAI, Sept 28 (Reuters) – Malaysia, the world’s
second-biggest palm oil producer, could extend duty free exports
until the end of 2014 if prices of the tropical oil remain at
current levels, a leading palm oil producer told Reuters in an
interview.

Malaysia has allowed duty free exports of crude palm oil for
September and October. A further extension in duty free exports
would help it reduce stockpiles but also put pressure on rival
top producer Indonesia to consider similar measures.

Sep 27, 2014

Malaysian palm oil prices to rise 8 pct by Feb 2015 – LMC analyst James Fry

MUMBAI, Sept 27 (Reuters) – Malaysian crude palm oil prices
are likely to rise nearly 8 percent to 2,350 ringgit a tonne by
February 2015 as a reduction in inventories and lower yields
offset an expected drop in crude oil prices, a top industry
analyst said on Saturday.

“In oil palm, you will see lower fertiliser applications and
longer gaps between harvesting rounds. The result will be some
drop in output,” James Fry, chairman of commodities consultancy
LMC International, told the Globoil India conference in Mumbai.

Sep 26, 2014

India palm oil imports to jump as poor monsoon limits local supply

MUMBAI, Sept 26 (Reuters) – India’s palm oil imports are
likely to climb around 4 percent to 8.25 million tonnes in the
marketing year starting November as poor monsoon rains curb
growth in local edible oil supplies amid a rise in consumption,
a veteran trader said on Friday.

Higher purchases by India, the world’s top importer of
cooking oils, could support benchmark Malaysian palm oil futures
< FCPOc3> that hit a five-year low earlier this month and have
shed almost a fifth of their value so far in 2014.

Sep 25, 2014

Palm oil export battle to dominate India conference

MUMBAI/KUALA LUMPUR, Sept 25 (Reuters) – Competing efforts
by leading palm oil producers Indonesia and Malaysia to raise
exports of the tropical oil and the impact of falling crude oil
prices on biodiesel demand will be the primary focus of an
industry conference in India this week.

At the Globoil India 2014 meeting that starts in Mumbai on
Friday, edible oil traders and analysts are also likely to
discuss rising palm oil inventories and an expected bumper U.S.
soybean crop, and the combined impact on palm oil
prices that dropped to a five-year low early this month.

Sep 24, 2014

India to import record 13 mln T edible oils next year -Ruchi Soya exec

NEW DELHI/MUMBAI, Sept 24 (Reuters) – India’s overseas
purchases of edible oil in the year starting November are set to
surge to a record 13 million tonnes, an executive at key
importer Ruchi Soya said, as lower prices, rising population and
higher incomes boost consumption.

Higher purchases by India, the world’s top importer of
cooking oils, could support benchmark Malaysian palm oil futures
that hit a five-year low earlier this month and have
shed almost a fifth of their value so far in 2014.

Sep 18, 2014

India’s rice output, exports to climb on revival of monsoon

MUMBAI/NEW DELHI, Sept 18 (Reuters) – India’s summer-sown
rice output is likely to cross the previous year’s level due to
a pick up in monsoon rains, raising prospects for higher
overseas sales in 2015 by the world’s biggest exporter of the
grain, trade officials said.

Robust exports from India could keep a lid on global prices
RI-THBKN5-P1 that have surged 12 percent in the past three
months and help cut bulging Indian government stockpiles built
as a result of bumper harvests over the past several years.

Sep 12, 2014

India’s love affair with gold may be over, as prices slide

VANGAL, India, Sept 12 (Reuters) – Kiran Laxman Salunkhe
used to buy jewellery during religious festivals, but sliding
gold prices have led the young Indian farmer to break with his
family’s traditional investment.

This year Salunkhe has deposited his hard-earned savings at
the bank for the first time in a decade and bought farmland.

Aug 27, 2014

Sugar export rebound at risk from rising domestic prices

MUMBAI (Reuters) – Sugar prices in India are firming on fears of short-term supply constraints and seasonal demand even as global prices are sliding, posing a threat to a recent recovery in exports from the world’s second-biggest producer of the sweetener.

A raised sugar import duty in India, festival demand and an expected delay in cane crushing in a key producing state have helped push domestic prices to a $70 a tonne premium to international prices, making it more lucrative to sell domestically. A year ago the premium was just $20 a tonne.

Aug 27, 2014

India’s sugar export rebound at risk from rising domestic prices

MUMBAI, Aug 27 (Reuters) – Sugar prices in India are firming
on fears of short-term supply constraints and seasonal demand
even as global prices are sliding, posing a threat to a recent
recovery in exports from the world’s second-biggest producer of
the sweetener.

A raised sugar import duty in India, festival demand and an
expected delay in cane crushing in a key producing state have
helped push domestic prices to a $70 a tonne premium to
international prices, making it more lucrative to sell
domestically. A year ago the premium was just $20 a tonne.

    • About Rajendra

      "Rajendra is a commodities correspondent based in Mumbai. He has been tracking agriculture commodities along with agrochemicals and fertilisers for Reuters since 2006. He loves to report on what's changing in the city's hinterland as urbanisation gains pace in India's predominantly agrarian economy."
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