Edible oil prices to rebound

The edible oil market is back in action, as prices turn volatile and given the extreme moves and views on both sides. All in just two weeks. 

There was a period of consolidation the market went through, from December 2016 to early February. Any sluggishness leads to taking things for granted. While the market believed there would be supply tightness due to the effects of El Niño in Malaysia and Indonesia, the latest supply-demand reports convey something different.

Prices kept rising from mid-July on the El Niño effect on supplies, festive demand from India, West Asia and the Chinese New