📢 Edible Oil Market Update

🔸 Malaysian CPO futures closed lower today.

🔸 CBOT futures market remains closed.

🔸 Soybean production in Brazil and Argentina is expected to increase global stock.

🔸 Sharp rise in soybean oil imports from Nepal, as domestic production in Nepal is low, indicating possible re-export of imported oil to India.

🔸 Soy acid oil prices dropped by ₹400/quintal due to reduced industrial demand; further decline seems unlikely.

🔸 Mixed trends observed in the domestic edible oil market today.

📊 Stay tuned for the latest market updates!