For the last three days soy complex market is witnessing weakness due to subdued demand in the physical markets in India.
Now from February on wards winter season will end and spring season will start which will result in to increase in demand of more palm oil than soy oil.
It is expected that soy oil which is trading currently at Rs. 637/10 kg level may fall to the level near Rs. 615/10 kg in short term.
However keeping in mind the Rabi season oilseeds sown area which has reduced significantly, not much downside is expected.
Now from February on wards winter season will end and spring season will start which will result in to increase in demand of more palm oil than soy oil.
It is expected that soy oil which is trading currently at Rs. 637/10 kg level may fall to the level near Rs. 615/10 kg in short term.
However keeping in mind the Rabi season oilseeds sown area which has reduced significantly, not much downside is expected.
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