Weekly Edible Oil Report – 

KLC (Malaysian Palm Oil Futures)

• Status: Market closed today. Ended ~1.30% higher last week.

• Key Reason: May exports rose 18%. India’s duty cut boosted demand.

• Outlook: Likely to remain steady to firm.

• Support/Resistance: Support – 3750 | Resistance – 4000

India – Palm Oil

• Status: Prices dropped ₹3–4/kg last week.

• Key Reason: 10% import duty cut on crude palm oil.

• Outlook: A further 5–10% drop possible, though much of the impact is already factored in. Prices expected to stabilize ahead.

CBOT – Soybean Oil

• Status: ~5% decline last week.

• Key Reason: News around possible biofuel tax credits in the U.S.

• Outlook: Uncertainty in policy may keep prices under pressure.

• Support: 44.20

India – Soybean Oil

• Status: Prices already dropped ₹8–9/kg.

• Key Reasons: Announcement of 10% import duty cut, weak demand.

• Outlook:

• Prices may stabilize soon.

• Argentine FOB rates showing firmness.

• Avoid hurried buying; wait for clarity on U.S. biofuel policy.

Mustard Oil (Jaipur Kacchi Ghani)

• Status: Minor decline from ₹1425 resistance level.

• Outlook:

• Short-term impact from duty cuts.

• A ₹2–3/kg correction possible.

• Long-term trend remains positive; dips could be buying opportunities.