CPO trading range for the day is 393.1-406.7.
Crude palm oil prices ended with gains on late short covering after prices dropped on expectation of higher supply from Indonesia.
Indonesia is estimated to produce 31.5 million tons of CPO compared to 33 million tons in 2014, a rise of 8.20%.
Total palm oil production is expected to gain by 4.22% in 2015 compared to 2014.
Crude palm oil prices in spot market dropped by 6.30 rupees and settled at 395.70 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
Crude palm oil prices ended with gains on late short covering after prices dropped on expectation of higher supply from Indonesia.
Indonesia is estimated to produce 31.5 million tons of CPO compared to 33 million tons in 2014, a rise of 8.20%.
Total palm oil production is expected to gain by 4.22% in 2015 compared to 2014.
Crude palm oil prices in spot market dropped by 6.30 rupees and settled at 395.70 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
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