Near term (December–January), the market is expected to stay soft to sideways, with limited upside. Some stabilization is possible in February–March, but there is still no strong bullish signal unless demand improves or stocks tighten.

Global markets stay on edge due to the ongoing Russia–Ukraine conflict, rising tensions around Venezuela, and unresolved Canada–China canola issues. Severe weather in Indonesia and Malaysia may slow palm output. Sunflower oil remains under pressure, keeping the vegoil complex highly sensitive to energy and weather shocks.

Overall, the global vegoil markets stay under pressure from weak Chinese demand, while steady EU buying and low Indian stocks provide key support. Market direction in the coming months will hinge on China’s demand recovery and India’s import pace.