Edible oil may get cheaper temporarily as Centre imposes stock holding caps

As India imports around 60% of its annual edible oil requirement, any bullishness in global markets will have an impact on domestic prices

Edible oil and oilseed prices showed a mixed trend in the near-term futures contracts on the NCDEX, a day after the Centre imposed stock holding limits to control the prices, rising since last year.

Traders and market watchers said that while the prices of some items such as soybean seeds for January contracts were trading at a discount of 2-3 per cent from the previous close, it still remained to be seen how long the prices remained low as the supply-demand scenario and the international markets of oilseeds and edible oils were bullish.

“As India imports around 60 per cent