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US soybean oil futures settled down 0.23% at 1400.3 following weakness in crude palm oil prices, although tight supply concerns offered some support. Indian industry officials said edible oil prices would stay elevated until new crops arrive in October-November.
India's sunflower oil imports could hit a record in 2021/22 as Russian and Ukrainian crops push prices below soy oil.
Palm oil weakness and expected record sunflower oil imports into India may cap edible oil prices. Tight supply and India's heavy import reliance still support prices until new crops arrive.
in.investing.comKedia AdvisoryAug 20, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
