Edible Oil Market Report

Advisory Bazaar Info Services

Malaysian palm oil futures (KLC) extended gains for the second consecutive trading session, supported by strong export demand. However, weakness in soybean oil and crude oil prices capped the overall upside.

In India, palm oil and soybean oil imports are increasing ahead of the festive season due to improving demand and limited domestic availability. Market estimates suggest that India may need to import around 800,000 tonnes of crude palm oil (CPO) per month to meet consumption requirements.

Domestic palm oil demand remains relatively subdued, as higher consumption of rice bran oil, cottonseed oil, and soybean oil continues to weigh on its market share.

From a technical perspective, 4,720 remains the key near-term resistance for KLC futures. A sustained move above this level could open the way towards the 4,900–5,000 range. In the domestic market, palm oil prices are expected to witness an upside of approximately ₹3–4 per kg from current levels.