# After onions, edible oils may burn a hole in your pocket

> Edible oil prices in India are rising, with crude palm oil up more than 26% over two months. Mustard and soybean prices have also climbed, and heavy rain damaged kharif oilseed crops.

- Date: 2019-12-05 · published 2019-12-05T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/55662-after-onions-edible-oils-may-burn-a-hole-in-your-pocket
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Biofuel demand in Malaysia and Indonesia is lifting palm prices, while Indian crop losses tighten domestic oilseed supply. Costlier imports will pressure Indian edible oil buyers.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Sources

- livemint.com: https://www.livemint.com/news/india/after-onions-edible-oils-may-burn-a-hole-in-your-pocket-11575558409099.html

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