Edible Oil Market Update

Advisory Bazaar Info Services

🔹 KLC - CBOT Update:

KLC (Kuala Lumpur Crude Palm Oil) opened higher today and continues to trade firm in mid-day session. CBOT (Chicago Board of Trade) closed on a positive note last night, though today’s projection suggests slight weakness. Overall, the edible oil market trend remains positive.

🔹 Mustard Seed:

The bullish trend in mustard seed continues, supported by active buying from large mills. Selling pressure remained weak due to the Guru Purnima holiday, and arrivals in mandis have dropped to around 3.50 lakh bags. This supply crunch, along with mill demand, pushed prices up by ₹50–₹100 per quintal.

NAFED is also selling at higher prices, which is adding to the bullish momentum. However, the quantity of NAFED’s selling is limited, so it is not creating any major pressure. In Jaipur mandi, the next price target for mustard seed is seen at ₹7,500 per quintal.

🔹 Mustard Oil:

At current levels, retail demand for mustard oil is reported to be slightly weak. Since the recent uptrend came faster than expected, some traders are also seen booking profits at higher levels.