India veg oils port stocks reached to 2 years low

India, NCDEX future Soy oil prices increased to 1% in last trading session and in physical market soy oil prices at Indore market continued in the higher side from 8 continues days at Rs. 752 Levels.

Low edible oil imports in the last couple of months and good demand in the domestic market along with low port stocks in ports has kept edible oil prices firm since the last week of December. Same in palm oils, good demand from the domestic market, firmness in soy oil prices and limited stock at various ports will continue to keep CPO prices sideways with a positive bias.

Expecting Veg oils prices to continue firmness after a slight correction as also taking cues from the international prices.