CPO trading range for the
day is 501.3-516.5. Crude palm oil gains as demand picked up in the
spot market. Further, restricted supplies from producing regions too
fuelled the uptrend. Palm oil imports fell by 28 per cent to 657,454
tonnes in May, in view of higher stock availability and sluggish
summer demand. Indonesia's CPO exports in May expected to fall to
1.919 million tons compared to 1.928 million tons a month
earlier.Crude palm oil prices in spot market gained by 2.60 rupees
and settled at 511.90 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Monday, June 20, 2016
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