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According to secondary sources, the stocks from the Malwa region of Madhya Pradesh seemed to
be stronger with the farmers in this region...
The weekly average soybeans arrivals in Madhya Pradesh were higher at 31,250 bags in the last week against previous
levels at 15,000 bags...
Whereas, according to Societe Generale de Surveillance estimates,
the exports were lower by 14% to 419,364 tonnes for the same period...
According to Intertek, Malaysian palm oil exports dropped by 6% to 4,50,269 tonnes in the first 10 days of
May against last month for the corresponding period...
Palm oil prices have declined in this week with weakness in the soy complex supported with weakened Malaysian palm
oil exports...
According to secondary sources, India’s vegetable oil imports in April’12 were about 9,25,000 tonnes as compared with
7,27,000 tonnes in March’12 and 4,75,000 tonnes against last year...
The
US weekly export sales soybeans were higher against expectations at 466,500 metric tonnes for the current marketing
year and 1.36 million tonnes for the next marketing year for a total of 1.827 million tonnes...
US soybeans producers planted about 24% of the soybean
crop by May 6, which was eighteen percentage points ahead of last year and 13 points ahead of the 5-year average...
Whereas, ending stocks are projected at 145 million bushels lower
by 20 million bushels than expected for the 2012/13 season...
According to USDA, US ending stocks for 2011-12 were at 210 million bushels, which was slightly higher against
expectations against 250 million in previous month...
