The longer-term data provide additional context. Palm Oil is Rs 2.00/kg above the level of Rs 156.00/kg recorded three months earlier. Over six months, the increase is much more pronounced, with the product moving from Rs 136.00/kg to Rs 158.00/kg, equivalent to a Rs 22.00/kg rise. Palm Oil prices in India are also trading above the approximately Rs 154.00/kg levels seen during recent weeks, placing the current assessment near the upper part of its recent range.
Support is identified around Rs 154.00/kg, while resistance is positioned at approximately Rs 160.00/kg. At Rs 158.00/kg, the latest assessment stands between these reference points and is Rs 2.00/kg below resistance. Buyers and procurement teams can compare these levels with the recorded weekly, monthly and six-month changes when assessing current domestic offers.
Across the supplied periods, Indian Palm Oil prices show positive changes on the week, fortnight, month, three-month and six-month comparisons, with the six-month increase remaining the largest. Palm Oil, Palm Oil Market, Market Gain, Weekly Gain, Ahmedabad Market, Rising Prices
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