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KARACHI, June 1: Pakistan’s edible oil market has been stable in the past week amid slow imports, but prices are expected to come under pressure from falling international prices in coming weeks, dealers said on Wednesday.
“There is a downward trend in international prices and that could keep the market under pressure,” said a Karachi-based trader. “Imports are likely to slow further next week.”
He said that weak international prices and overbought positions among big importers were responsible for thin buying interest, with most traders waiting for the international market to take a clear direction.—Reuters
