Edible oil prices might resume their uptrend today as soybean supplies are reported to be lower in 2012.
Palm oil supplies from Malaysia are disturbed by heavy rains which are affecting harvesting and transportation activities.
Prices are recovering on this factor while upside would be limited as demand for palm oil also remains weak.
However demand could shift towards soy oil from palm oil as former is preferred for latter in the winter season.
Courtesy: Karvy Commtrade Ltd.
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