Commodities@Moneycontrol: Edible oil prices under pressure

Weak overseas trends dragged edible oil prices lower as the US Department for Agriculture (USDA) cut soybean production estimates from Argentine over adverse weather conditions.

The move put both the agro and non-agro space under pressure.

However, the USDA released higher soy acreage and estimated higher crops from Brazil, which would help in easing prices.

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