Edible oil prices are expected to remain on higher side on concerns of bleak domestic supplies. However edible oil imports data due on Feb 15 might report higher edible oil imports and port wise stocks.
This could prevent the price rally unlike soybean. Demand for palm oil in Malaysia is forecast to increase as the prices are currently trading at the lower levels.
India is expected to import during the next two months to meet the on going marriage season demand.
Courtesy: Karvy Comtrade Ltd.
Looking for Agri Research? Visit research.commodityonline.com