CPO trading range for the day is 428.8-434.4.
Crude palm oil prices dropped due to weak trend at spot market on sluggish demand.
Further, adequate stock position in the physical market on higher supplies from producing belts too fuelled the downtrend.
In the latest USDA report, global palm oil production in 2015/16 is forecasted to increase by 6 % to 65.17 million tons (mt).
Crude palm oil prices in spot market dropped by 0.20 rupees and settled at 430.10 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
Crude palm oil prices dropped due to weak trend at spot market on sluggish demand.
Further, adequate stock position in the physical market on higher supplies from producing belts too fuelled the downtrend.
In the latest USDA report, global palm oil production in 2015/16 is forecasted to increase by 6 % to 65.17 million tons (mt).
Crude palm oil prices in spot market dropped by 0.20 rupees and settled at 430.10 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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