India’s vegetable oil imports in February fell 11% on year to 1.11 mln tn, the Solvent Extractors’ Association of India said. During Nov-Feb, overall vegetable oil imports fell 6.1% on year to 4.56 mln tn.
Till Apr 1, the rice and wheat stocks required under public distribution scheme are at 13.6 mln tn and 6.5 mln tn respectively. Of 21.0 mln tn required food grain stocks, we have 64.6 mln tn stocks available. It means we have 43.6 mln tn additional stocks, Paswan said.
US Treasury Sec. Mnuchin: Let’s buy $10 bln or $20 bln in more oil at lower prices.
Fed: Swap lines are designed to lessen strains in global US dollar funding markets in response to Coronavirus.
The number of Americans applying for initial unemployment benefits rose more than expected to 281,000 in the latest week from a revised 211,000 the previous week, the U.S. Labor Department said on Thursday, indicating that the coronavirus pandemic is starting to disrupt the U.S. labor market.
The European Central Bank allotted 115.0 billion euros ($124 billion) in a three-year long-term lending facility on Thursday in the first tender since it eased terms to induce commercial banks to borrow.
BREAKING – US Energy Dept.: We will buy an initial 30 mln bbls of oil for strategic petroleum reserve, will eventually buy 77 mln bbls.
US Dept. of Energy: Initial purchase of 30m bbls of oil for SPR will focus on small to midsize US oil producers.
South Africa central bank cuts rates to 5.25% from 6.25%
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