7/24/2015 11:44:00 AM
Crude palm oil prices dropped on weak demand in export market following declining Malaysia palm oil export data.
Malaysia palm oil exports during July 1-20 dropped 15.52% compared to a month earlier on weak demand from China, India & Subcontinent and European Union.
In the latest USDA report, global palm oil production in 2015/16 is forecasted to increase by 6 % to 65.17 million tons (mt) compared to 61.65 mt in 2014/15.
Crude palm oil prices in spot market dropped by 1.20 rupees and settled at 428.90 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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