CPO
trading range for the day is 505.7-518.1.Crude palm oil gained on short
covering after prices dropped on higher imports and on anticipation of
higher supply from Indonesia. Reports from Malaysia showed that the
world's second biggest oil producer is likely to trim export duty on CPO
to 5% in August. Crude palm oil imports slipped 27.28% to 415,580 tons
in June compared to 571,496 tons in the same period a month ago.Crude
palm oil prices in spot market gained by 2.00 rupees and settled at
517.80 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Wednesday, July 20, 2016
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