Edible Oil Market Update

🔸 KLC

• KLC opened higher today and maintained gains in mid-day trade.

• (June) trading near the 4250 support level.

• Weak signals from international markets are keeping pressure on oil prices.

• If KLC (June) breaks the 4250 support, further decline is possible.

• Strategy: Wait and monitor this level closely.

🔸 CBOT

• Soybean oil closed higher yesterday, but trading lower today.

• Speculation around tariff agreements between Canada, Mexico, and China.

• Sluggish demand for U.S. soybeans from China and increasing supply from Brazil adding pressure.

• Funds remain cautious ahead of the USDA quarterly stock report.

• Fundamentals for CBOT soybean oil and KLC remain weak.

🔸 Import Restrictions from Nepal

• Government tightening control on soybean oil imports from Nepal.

• This will limit soybean oil supply via Nepal.

• No major impact on prices; market direction will depend on other factors.

🔸 Rice Bran Oil

• Weakness in soybean, palm, and mustard oil is putting pressure on rice bran oil.

• Prices expected to stabilize by the end of March.

• Strategy: Buying opportunity at lower levels for long-term outlook.

👉 Edible oil prices expected to remain stable today, influenced by global market sentiment.