Edible oil market highlights -
● KLC has recovered today on the back of strength in China's DCE and CBOT soy oil.
● The upside in CBOT soy oil is limited under the pressure of US crop. ICE canola futures closed with gains on Thursday due to a surge in soybean oil prices in the US.
● Soy oil is trading near the support of 1200 in the Indian markets, while palm oil is near the support of 1250 at the port.
● Demand concerns still remain, as Diwali demand is almost over but a mild recovery is expected from last minute buying.
● Any recovery of Rs 2-3 per kg from here should be used to clear the stock and new purchases should be made only as per regular demand.