Edible oil trends

Category:-Veg oil | 05-Dec-2024 11:04 PM

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.


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