The palm oil prices hit all-time highs on the back of current positive market sentiments namely low stock levels, increased palm oil exports, lower production, down for five straight months and the strengthening prices of soyabean oil in the world market.

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India is the biggest buyer of edible oil, imports nearly 70 percent of our edible oil requirement. Palm oil has uses nearly in everything.

Watch the accompanying video of CNBC-TV18’s special segment, Commodities Trade where Manisha Gupta explains about palm oil prices.

(Edited by : Ajay Vaishnav)