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Make sense of India’s dynamic vegetable oils market with our daily Fastmarkets newsletter. As the world’s largest importer of edible oils, India’s market is a critical driver of global trade. From shifting import duties to evolving consumer demand, staying informed is essential for your business.
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Vegoils futures dropped across markets and regions, with Malaysian crude palm oil (CPO) futures hitting a four-month low while Chicago soyoil futures fell, pressured by lower crude oil prices and expectations around US biofuel policies.
Vegoils futures traded mostly lower on Friday October 10 after Malaysian data showed higher-than-expected palm oil stocks and as crude prices plummeted on progress in peace talks in the Gaza Strip.
Stay updated with our latest veg oils price commentary. Crude palm oil (CPO) futures traded in both directions on Friday October 3 before halting its two-day positive streak to end lower amid pre-weekend positioning and as palm tracked similar movements recorded in related soybean oil futures on the Chicago Mercantile Exchange.
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