🔹 Edible Oil Market Update 🔹

🛢️ KLC (Malaysian Palm Oil)

• KLC opened with gains today.

• The narrowing gap between KLC and CBOT soybean oil will provide support to KLC.

• DCE (China) is also showing signs of recovery and stability at current levels.

• Fundamentals are not strongly supportive of a big rally — trading likely to remain within a limited range.

🌱 CBOT (Soybean Oil)

• CBOT soybean oil closed with gains last night.

• Soybeans closed flat.

• Analysts estimate soybean planting in the U.S. at 83.762 million acres, down from 87.050 million acres last season.

🛢️ Mustard Oil (Indian Market)

• Mustard oil continues to show strength in the Indian markets.

• Strong demand persists, but the widening gap with soybean and palm oil is a concern.

• Kandla soybean oil is close to its support level — stability and recovery expected in the coming days.

💡 Trading Advice:

✅ Avoid short-selling at current levels.

✅ Low chance of a major decline — possible risk of 1–2 INR/kg.

✅ This could be a buying opportunity.

✅ Based on the direction of international markets, edible oil prices may remain stable to slightly higher today.