date:Sep 18, 2012
od volumes last week due to improved local demand ahead of Ganeshotsav. After sufficient covering, stockists kept away from fresh buying on Monday, tracking weak futures market.
Fundamentally, palm oil stocks are high in Malaysia and production is increasing. It will peak in October.
5% RISE IN STOCKS
Some traders have estimated that palm oil inventories in Malaysia could rise by a further 5 per cent by the end of this month. Sources said that at the close of market, Libertyquoted palmolein a