# Palmolein, soyabean oils up on retailers' demand

> Indian wholesale palmolein and soybean oil prices rose by Rs 50 per quintal on scattered retailer demand. Castor oil also recovered on higher offtake, while restricted arrivals from producing regions supported prices.

- Date: 2018-09-01 · published 2018-09-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/63120-palmolein-soyabean-oils-up-on-retailers-demand
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Firmer Indian domestic edible oil prices reflect tight local supply and steady retail demand, which can support import demand for palm and soybean oil. The move is small and mostly local.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/palmolein-soyabean-oils-up-on-retailers-demand-118090100345_1.html

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