Aditya K

CHINA DATA: Biodiesel exports drop 10% in Feb on EU demand dip Full story ($): #platts/insightsArticle?articleID=22f1029f-3a82-4a88-9514-abaf9115312d&insightsType=Feature" target="_blank" rel="nofollow noopener">core.spglobal.com/#platts/insigh…

For India's import-dependent vegetable oil market, how much have freight rates and prices gone up due to the #middleastconflict? Sudhakar Desai, CEO of Emami Agritech and head of IVPA speaks on the challenges ahead. Link here: spglobal.com/energy/en/news…

INTERVIEW: India’s sugar mills call for higher ethanol blending amid oil supply risk ▪️Industry can double sugar diverted for feedstock ▪️Fertilizer situation unaffected by Middle East war yet ▪️Govt pricing favors maize over sugar ethanol okt.to/xgkW86

Atul Chaturvedi, executive chairman of Shree Renuka Sugars speaks to @EnergySPG on the intersection of India's sugar industry, energy security, fertilizer flows and volatile geopolitics. The conversation is now a free read - spglobal.com/energy/en/news…

Just In: Malaysia's end-Feb stocks down 4% M-o-M, MPOB data shows

Asian vegoil prices rise on crude futures rally; China's DCE hits daily limits - Crude rally lifts palm oil 8% before easing - Physical markets remain quiet amid rally - Indian buyers look to domestic mustard supplies Full story ($) : #platts/insightsArticle?articleID=f90c3519-493e-44ab-81ef-323c1fc470c6&insightsType=News" target="_blank" rel="nofollow noopener">core.spglobal.com/#platts/insigh…

Crude oil jumped after the Middle East war. And due to this palm oil–gasoil spread collapsed 44% to $177.96/mt this week. - Cheap palm oil vs costly gasoil = incentive to blend. - But macro uncertainties weigh on biofuel makers now a free read - spglobal.com/energy/en/news…

Palm oil prices up nearly 4% as higher energy costs lift biofuel margins #whataday - Higher crude oil prices favor biofuel margins - PO-GO spread slashed nearly half within week - Higher costs, uncertainty may weigh on biofuel makers Full story ($): #platts/insightsArticle?articleID=4f2cfb1f-f65f-4a9e-a421-e0c354ebdf6f&insightsType=News" target="_blank" rel="nofollow noopener">core.spglobal.com/#platts/insigh…

@gaurav_kochar Hi Gaurav, thank you for sharing a @SPGEnergyAg story. We would appreciate it if you could give due credit as it helps us continue our work here! Link here- spglobal.com/energy/en/news…

India, the largest buyer of vegetable oils in the world, has seen cancellations of around 75,000 metric tons of soybean oil cargoes from Brazil and Argentina after a sharp rally in global prices created profit-taking opportunities for traders, four traders and analysts told Platts, part of S&P Global Energy. Total volumes of soybean oil washouts could reach 100,000-120,000 mt, reflecting active position adjustments by importers, Abhimanyu Solanki, director at KDC Agro & Textile Industries, said in a note Feb. 27. A washout is an agreement which allows a buyer to sell back a product to the seller based on a pricing formula that factors in current market prices. Soybean oil washouts are happening as buyers are getting good profits at current prices and do not wish to hold it for the forward shipments, Anilkumar Bagani, head of research at vegetable oil brokerage Sunvin Group, told Platts Feb. 27. There is also a mismatch in global and domestic (soybean oil) prices, a vegetable oil analyst based in New Delhi told Platts Feb. 27. Currently, the “landed” cost of new South American soybean oil at Indian ports is between $1,050/mt to $1,070/mt. However, the domestic spot market is trading closer to $1,020/mt. An importer taking physical delivery today would face an immediate loss of $30-$40/mt the moment the ship touches the dock, the analyst said. This is why importers are opting to wash out these contracts, paying or receiving the price difference in cash rather than taking the physical loss. India’s soybean oil imports hit a record 5.47 million mt in the 2024-25 marketing year (November-October), driven by a surge in soft oil demand over palm oil, according to trade body Solvent Extractors’ Association of India, or SEA. India imports soybean oil mainly from Argentina and Brazil, while the country imports palm oil from Malaysia and Indonesia. In the current MY 2025-26, Indian buyers are expected to import about 8 million-8.5 million mt of palm oil, 5 million-5.5 million mt of soyabean oil, 2.8 million-3.0 million mt of sunflower oil, and around 200,000 mt of other oils, including zero-duty imports routed through Nepal, Indian Vegetable Oil Producers’ Association President, Sudhakar Desai, said earlier in the month at a trade conference in Kuala Lumpur, Malaysia. Stagnating demand in domestic markets is also driving traders to minimize their exposure to expensive imports, market participants said. “Local supplies are cheaper, especially mustard oil supplies are plenty in the markets so why take the risk? Demand is still low, and offtake is also slow. Some buyers are also getting supplies from China and washing out Argentinian supplies, vegetable oils analyst Tushar Agarwal told Platts. In first quarter of MY 2025-26 (November-January), India’s total vegetable oil imports reached 3.96 million mt, down by 2% from the same period last year. While palm oil imports rose, crude soybean oil imports fell 9% to 1.2 million mt, SEA data released Feb. 13 showed. Platts assessed crude palm oil CFR WC India at $1,132.50/mt Feb. 26, down 0.7% from the day before. On the origins side, crude palm oil FOB Indonesia was assessed at $1,110/mt Feb. 26, down 0.9% on the day. Soybean oil Argentina FOB Up River was priced at $1,114.66/mt, up 0.4%.

Palm oil prices up 2.5% on higher Indonesian levy, geopolitical tensions - Indonesia raises CPO export levy to 12.5% - War risk premiums could push freight rates up - Higher crude oil, soybean oil support palm oil market Full story ($): #platts/insightsArticle?articleID=c6190bf6-e63d-4622-8305-482c0ccd43e7&insightsType=News" target="_blank" rel="nofollow noopener">core.spglobal.com/#platts/insigh…

Indian buyers are cancelling soybean oil as margins dwindle at current prices domestically Now a free read - spglobal.com/energy/en/news…

US EPA to finalize biofuel mandate, refinery exemptions by end-March ▪️EPA's RVO rules decide blending volumes for 2026, 2027 ▪️Proposal eyes higher biomass-based diesel targets ▪️Small refinery exemptions may face reduction, reallocation okt.to/rYwfc6

March palm oil prices seen supported by lower output, firmer demand: industry body ▪️Prices to trade between MR4,000/mt and MR4,300/mt ▪️Palm oil to gain competitiveness vs soy, sun oil prices ▪️Feb trade data shows lull in demand from key buyers okt.to/Vbz7d4

Heard: Malaysia Feb 1-25 vs Jan 1-25 #palmoil exports Amspec: 922,649 mt vs 1,099,033 mt (down 16.04%)

US-China soybean trade unlikely to see much change after tariff ruling ▪️US soybean share in China’s import down to 15% in 2025 ▪️China levies 13% import duty on US-origin soybean ▪️Trump imposes 15% global tariffs after tariff decision okt.to/N40bvV

@IamAyush1234 If there are any shipments of CPO disguised as POME, then yes.

@saiditt JUST for reference doe this affect the Indian Palm Market.

In Indonesia, the domestic price of palm oil mill effluent #POME is down 9.4% in Feb, while Malaysian prices rose due to the crackdown on mislabeled CPO exports Free read - spglobal.com/energy/en/news…

Indonesia open to importing ethanol from US: energy minister #biofuels - Deal codifies Indonesia's ethanol program ramp up - Indonesia may not adopt measures that prevent the import of US ethanol Story ($): #platts/insightsArticle?articleID=c9896d46-a783-4fca-85cc-e0e2b17d95d8&insightsType=News" target="_blank" rel="nofollow noopener">core.spglobal.com/#platts/insigh…

@NicoAIQ This story was a good way to start to this week 😅

Thursday was confirmation: the agricultural landscape has changed. Traders and companies need to do the work, or find someone who can. The USDA's priorities have shifted. nicoaiq.substack.com/p/cognitive-ov…

ICYMI: US, Taiwan ink deal to ease barriers in farm, food trade. Now a free read - spglobal.com/energy/en/news…