CPO trading range for the
day is 487.7-500.7.
Crude palm Oil settled up supported on the back of pickup in demand at the spot market.
Malaysian palm oil exports during June dropped 11.7% on weak demand while output jumped 12.3%, data showed. India, the world’s leading vegetable oil buyer, had imported 907,347 tonnes of palm oil in May last year. Crude palm oil prices in spot market dropped by 4.10 rupees and settled at 498.20 rupees.
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Crude palm Oil settled up supported on the back of pickup in demand at the spot market.
Malaysian palm oil exports during June dropped 11.7% on weak demand while output jumped 12.3%, data showed. India, the world’s leading vegetable oil buyer, had imported 907,347 tonnes of palm oil in May last year. Crude palm oil prices in spot market dropped by 4.10 rupees and settled at 498.20 rupees.
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