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Wholesale edible oil prices in the city remained steady during the peak festive season compared with October. Traders attributed the price restraint to India’s late-September cuts in import duties on crude and refined sunflower, soybean, and palm oils.
Lower import duties make imported oils more competitive and have limited domestic price increases; this is bearish for Indian soybean and palm oil prices relative to a higher-duty scenario.
thehitavada.comNov 11, 2026After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
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.
