Thursday, May 12, 2016

CPO trading range for the day is 550-569.           
Crude palm oil dropped on profit booking after prices gained on improved domestic demand at the spot market.        
However, world Crude palm oil production and stock are expected to be lower than expected limited the downside.
Malaysia palm oil stockpiles slipped 4.5% to 1.80 million tons in April end compared to 1.88 million tons a month ago.
Crude palm oil prices in spot market gained by 4.60 rupees and settled at 567.20 rupees.
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