# Ref Soyaoil Down Tracking Weakness In CPO Prices, Concerns Over Tight Supply | Investing.com India

> 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.

- Date: 2021-08-20 · published 2021-08-20T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/11365-ref-soyaoil-down-tracking-weakness-in-cpo-prices-concerns-over-tight-supply
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- in.investing.com: https://in.investing.com/analysis/ref-soyaoil-down-tracking-weakness-in-cpo-prices-concerns-over-tight-supply-200493862

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.