Agriwatch Market Intelligence
Agriwatch Market Intelligence
June 16, 2025 at 11:33 AM
*Soy Oil Jumps on Global Cues, Biofuel Push* •Soy refined oil prices at Indore rose 5% on Monday to INR 1,200 per 10 kg, tracking strong gains in global markets. U.S. soybean oil futures surged 4.58% to an 18-month high of 52.93 cents/lb, supported by expectations of higher biofuel blending mandates from the EPA and rising crude oil prices amid Israel-Iran tensions. The energy-linked rally boosted sentiment across vegetable oils, including Indian soy oil.

Comments