CPO trading range for the day is 448-453.8.
Crude palm oil prices dropped due to higher supply woes following robust output from Malaysia.
Malaysia will keep its crude palm oil export tax for the month of July at zero percent, extending duty-free exports from May, government circular showed.
Palm oil output climbed 6.9% to 1.81 million tons as on May end compared to 1.69 million tons a month earlier.
Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 455.20 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
Crude palm oil prices dropped due to higher supply woes following robust output from Malaysia.
Malaysia will keep its crude palm oil export tax for the month of July at zero percent, extending duty-free exports from May, government circular showed.
Palm oil output climbed 6.9% to 1.81 million tons as on May end compared to 1.69 million tons a month earlier.
Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 455.20 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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