Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the local market was weighed down by losses in the Chicago Board of Trade soybean oil futures overnight and following Indonesia’s extending the palm oil export levy waiver until Oct 31 from Aug 31.
Anilkumar told Bernama, however, that an official statement has not been given."The market is waiting for the official statement and so the volume was lower on BMD,” he said.
Source: News Formal (newsformal.com)
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