Edible Oil and Oilseed Market

10-Apr-2025 08:47 AM

Edible Oil and Oilseed Market
★ The U.S. President announced a 90-day suspension of tariffs on countries other than China. During this period, only a 10% tariff will be applied.
★ A heavy 125% tariff has been imposed on all products imported from China.
★ The USDA reported a private export sale of 198,000 tons of soybeans to unknown destinations yesterday.
★ For the week ending April 3, U.S. exports are expected to include 200,000 to 700,000 tons of old crop soybeans, 50,000 tons of new crop soybeans, 75,000 to 470,000 tons of soybean meal, and 5,000 to 37,000 tons of soybean oil.
★ The upcoming USDA report is expected to reduce production estimates for South American countries, with Brazil's soybean output projected at 169.1 million tons.
★ The KLCE (Kuala Lumpur Commodity Exchange) market opened with slight gains today.
★ The reduction of U.S. tariffs has brought relief to many countries, which could potentially impact the Indian edible oil market as well.
★ According to i-Grain India, if KLCE continues to show strong support, prices of edible oils in Indian markets may also rise.