Edible oil trends

Category:-Veg oil | 05-Dec-2023 09:40 AM

The initial trend of KLC is down today, with an opening of -17, the same CBOT Soy oil traded down last night, the recent weakness in KLC was mainly due to concerns over demand for palm oil from the bio fuel sector, Due to weak demand, there has been a decline in the price of soy oil, the reason for the decline in the domestic market, the landing cost of soy oil reduced due to softening of Argentina soy oil, due to mixed trend in foreign markets, edible oil prices in local markets today. I expect pressure today.


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