CPO trading range for the day is 452-466.8.
Crude palm Oil settled up on short covering after prices dropped due to higher supply of the oil from Indonesia.
Malaysian palm oil stocks for May are estimated down by 2.4 per cent to 2.14 mt while production increased by 5.4 percent M-O-M.
Global palm oil production in 2015/16 is forecast to exceed the prior year’s record by 6 percent.
Crude palm oil prices in spot market dropped by 1.60 rupees and settled at 462.30 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
Crude palm Oil settled up on short covering after prices dropped due to higher supply of the oil from Indonesia.
Malaysian palm oil stocks for May are estimated down by 2.4 per cent to 2.14 mt while production increased by 5.4 percent M-O-M.
Global palm oil production in 2015/16 is forecast to exceed the prior year’s record by 6 percent.
Crude palm oil prices in spot market dropped by 1.60 rupees and settled at 462.30 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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