MARKET DEVELOPMENT
Refined Palmoil Recovers on Mild Demand
Refined Palmoil Recovers on Mild Demand
27/06/2012 (Press Trust of India) - Refined palmoil prices recovered marginally in an otherwise lacklustre oils and oilseeds market here today on mild retail demand amidst firm Malaysian cues.
Meanwhile, groundnut oil and linseed oil ruled stable in the absence of market moving factors.
In non-edible, castorseeds bold and castoroil commercial slipped on reduced demand from shippers and soap industries.
In futures, castorseeds prices remained bullish on consistant speculative demand following higher export enquiries