Edible Oil Market Report

1. DCE (China) – KLC opened with slight gains today due to strength in DCE, but upside is likely to remain limited due to weak fundamentals.

2. Impact of Foreign Markets – Continued weakness in international markets may keep pressure on domestic edible oil prices.

3. CBOT Soybean – CBOT soybean closed with slight weakness; traders are awaiting tariff updates.

4. CBOT Soy Oil – CBOT soy oil projection closed with slight gains last night but is showing weakness today.

5. Tariff Talks – Tariff negotiations between the US and its trading partners are ongoing.

6. Brazil Soybean Production Estimate – Agrural has lowered Brazil’s soybean production estimate from 168.2 million tons to 165.9 million tons.

• Lower yields recorded in major producing areas.

7. International Market Fundamentals –

• Increase in US soy oil stocks is adding pressure.

• Strong palm oil production in Malaysia is weighing on the market.

8. Indian Market Scenario –

• Increased mustard arrivals are adding pressure.

• Weakness in international markets is keeping the Indian oilseed and edible oil market under pressure.

9. Local Demand – Local demand remains weak.

• Slow trading activity due to month-end closing in March.

10. Today’s Expected Trend – Considering the trend in international markets, edible oil prices are expected to open stable to weak today.