📊 Edible Oil Market Update – 16 May 2025

🛢 KLC (Malaysian Palm Oil):

KLC opened lower today due to weakness in DCE (China) and CBOT (U.S.) soybean oil.

However, palm oil exports from Malaysia improved during 1–15 May.

Currently, palm oil is significantly cheaper than soybean oil on an FOB basis, which may boost export demand going forward.

🌱 CBOT (Soybean Oil):

CBOT soybean oil showed notable weakness.

Argentine soybean oil prices dropped by $30/ton.

Uncertainty surrounding U.S. biofuel policy continues to pressure the edible oil market.

CBOT soybean oil hit the lower circuit yesterday, triggered by rumors that the mandate approved was lower than the proposed 5.25 billion gallons.

As per official data, U.S. soybean oil stocks rose by 1.9% at the end of April, reaching 1.527 billion pounds.

🇮🇳 Indian Market:

Soybean oil prices may again test the ₹1200–1215/quintal level, where fresh buying is likely to emerge.

For now, let the market stabilize at lower levels and focus on hand-to-mouth buying strategy.