🔔 Edible Oil Market – Key Highlights

Advisory Bazaar Info Services

▪️ In early trade today, Malaysian Palm Oil (KLC) came under pressure due to declines in CBOT soy oil.

▪️ Strength in DCE (China) provided some support to KLC.

▪️ Global market sentiment is mixed – KLC is steady, CBOT soy oil is down, while DCE is up.

▪️ CBOT soybeans rallied yesterday on rumors of a trade deal with China.

▪️ CBOT soy oil surged due to news of potential restrictions on biofuel credits in North America.

▪️ Expectations of higher biodiesel blending also supported the rally.

▪️ CBOT soy oil rose by approximately ₹2.5/kg yesterday.

▪️ The CBOT rally also led to an increase of $20–25/ton in Argentine soy oil prices.

▪️ From a long-term perspective, bottoms in soy and palm oil prices are likely in place, and further downside risk appears limited to ₹2–3/kg.

▪️ Palm oil is expected to open steady, while soy oil may open flat to slightly weaker.

▪️ International market trends are also influencing domestic prices.

▪️ Mustard oil prices in Delhi have reached ₹1,480/10 kg, and in Jaipur, ₹1,500/10 kg.

▪️ Ongoing monsoon season demand is keeping domestic mill buying active.