Edible Oil Market Report

Advisory Bazaar Info Services

The edible oil market is expected to trade in a limited range today. Soy oil may weaken by around ₹5–10 per 10 kg, while palm oil is likely to remain stable. Cotton wash may gain ₹5–10 per kg, whereas mustard oil could ease by ₹5–10 per 10 kg.

CBOT soy oil remains under pressure, which may keep domestic soy oil prices slightly weak. Meanwhile, Malaysia’s KLC is relatively firm, with the October contract facing key resistance near RM4,720. A decisive close above this level could strengthen the bullish outlook.

Strong Argentine soy oil prices and higher port landing costs may limit downside in the domestic market. Domestic demand remains subdued during Shravan, although supplies are adequate ahead of the upcoming festive season.

Outlook: The market is likely to remain range-bound, with KLC movement, domestic demand, festive buying and global edible oil trends likely to determine the next direction.