Edible Oil Market Highlights -
● KLC opened lower today as China's DCE also traded under pressure. However, weak palm oil production in Malaysia may limit the pressure.
● Malaysia's palm oil stocks are expected to fall by more than 5% at the end of November, according to Reuters.
● CBOT soyoil and Argentina soyoil FOB prices declined last night.
● Soyoil landing cost at Kandla Port may fall marginally today.
● Lack of clarity in international markets as well as slow retail demand will keep edible oil prices in a limited range.
● Edible oil prices in the Indian market are expected to open stable or slightly weak.