Mustard, soybean, groundnut, palm, palmolein and cottonseed oil prices all closed higher in India's wholesale markets last week. The rise was driven by firm international benchmarks, a weaker rupee and thin farmer arrivals, with sunflower oil priced well above other edible oils.
A weaker rupee raises the landed cost of imported palm and soy oils, and firm benchmarks support prices, pushing Indian buyers toward cheaper alternatives such as soybean and palmolein oil.
Not 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.