Bullish sentiment in the international edible oil and oilseeds market
22-Aug-2025 08:53 AM
Bullish sentiment in the international edible oil and oilseeds market
★ CBOT closed firm yesterday, and KLCE opened with strong gains today.
★ The market performed well last week as well, but profit-booking sales at the weekend led to some decline.
★ Several factors supported palm oil strength, such as higher usage in biodiesel, the upcoming festive season in India, and stagnant production in Malaysia and Indonesia.
★ While production did not increase, consumption (both export and domestic) continued to rise, widening the supply-demand gap and creating a bullish price environment.
★ The rally in the international edible oil and oilseed market has impacted domestic prices, and edible oil prices are expected to remain firm in the future.