🔹 Edible Oil Market Update 

Advisory Bazaar Info Services

🌴 Palm Oil:

KLC opened higher today but came under pressure during mid-day trade. Domestic palm oil prices have fallen by about ₹1–1.5/kg. Demand remains weak due to high prices, though limited supply has capped the downside. With weak fundamentals in KLC, no major rally is expected in the near term. Prices are likely to stay within the 4400–4600 range.

With Diwali just a week away, demand is expected to remain sluggish. Any rise in prices should be used to liquidate stock, and new buying should be considered only after a correction.

🌿 Soybean Oil:

CBOT soybean oil witnessed a strong recovery last night, but domestic demand remains weak today. Prices have dropped by ₹5–10/kg, with a total fall of about ₹2.5/kg from recent highs. Demand is below expectations, and Diwali is not providing any additional support.

Ample supply has capped the upside near 1250–1260 levels. Use any rebound from current levels to clear stocks rather than for fresh buying.