Edible oil prices might remain under pressure as domestic demand might remain weak.
Absence of fresh cues from international markets as CBOT is closed today might also have negative impact on prices.
FOB prices of soy oil are cheaper which might restrict the stockists who are active in Indian markets. Sluggish demand for edible oils across the globe might keep the prices further under pressure.
Recovery in weather conditions in Argentina is also rising hopes of good soybean crop from these regions which might exert pressure on prices.
Courtesy: Karvy Commtrade Ltd.
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