Last Updated : October 15, 2012 10:42
MUMBAI (Commodity Online): Soy oil futures in NCDEX on Monday likely to trade down in the morning hours. During past week, some improvement is seen in the soy oil market.
Please note that prices have seen substantial fall during past one month. Festive season has started and consumption demand will remain strong during next couple of month. Thus traders are making aggressive buying in the physical markets.
However, sentiments in the international markets remains sideways to weak. However we have seen minor improvement in the CPO prices at BMD, Malaysia during past week. At the same time, sentiments at the CBOT remains weak due to weakness in the demand.
ITS Malaysia 1?15 October Palm Oil exports up by 13.1 % at 7.69 LT vs 8.80 LT during 1-15 September.
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