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Friday, December 08, 2006

Sharekhan Commodities Buzz dated December 08, 2006


Soy oil: Hold positions
Soy oil futures displayed a similar pattern as soybeans. The prices closed near the day's high. The recovery in the CBOT prices also helped the counter. The prices of palm oil were also trading in positive territory this morning after a long correction. The demand in the spot markets was moderate amidst regular supplies.

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