date:Jun 09, 2014
Palm oil on the European vegetable oils market firmed on Wednesday on bargain hunting in Malaysian palm oil futures following recent losses due to dwindling demand. The market was ready for a rebound although most buyers remained cautious as bearish sentiment is still strong. Nevertheless some positions were covered just in case the downward trend breaks, one broker said.
Palm oil was offered between $7.50 and $17.50 a tonne up from Tuesday after Malaysian palm oil futures closed between 41 an