Highlights of the edible oil market -

● KLC opened with a decline today and is showing a decline of about 100 points in mid-day trade.

● CBOT soy oil also closed with a decline last night, but is showing recovery in projection today.

● Due to low supply of palm oil in Malaysia, Indonesia, the long term outlook still looks strong.

● The edible oil market has already increased a lot in both global and domestic markets, so it may show pressure due to some profit booking.

● There is less risk on the current price of soybean, but the rise will now depend on government procurement and soymeal export policy.

● Mustard oil is also under pressure due to weakness in other oils, but there is a possibility of a recovery in the future due to the reduction in the difference.