Edible Oil Market: Palm Oil Firm, Soybean Oil May See Correction, Sunflower Oil Remains Expensive

06-Jul-2026 07:15 PM

Palm Oil

International palm oil prices continue to find strong support around RM 4,450 per tonne. Indonesia's B50 biodiesel mandate is expected to keep domestic palm oil supplies tight, limiting the downside in prices. Crude palm oil (CPO) is currently being traded into India at around USD 1,220-1,230 per tonne CNF. Below-normal monsoon rainfall in India could increase edible oil demand and imports, providing additional support to palm oil prices.

Soybean Oil

CBOT soybean oil moved higher on Monday, but analysts believe prices could correct due to favourable U.S. weather and strong resistance in palm oil at higher levels. Buyers are advised to consider purchases only if CNF India prices fall below USD 1,230 per tonne, while fresh selling may be considered if prices move into the USD 1,275-1,300 per tonne range.

Sunflower Oil

Sunflower oil offers to India are currently quoted around USD 1,460 per tonne. Favourable planting conditions in Ukraine and Russia are expected to put pressure on new-crop prices in the coming months. However, limited domestic availability in India is keeping the spot market firm. Buying interest is likely to improve if old-crop prices decline towards USD 1,400 per tonne.