CPO
trading range for the day is 505.7-526.9. Crude plam oil prices dropped
amid lower demand following weak Malaysian palm oil export data for Oct
1-25. However downside seen limited amid concerns over lower stockpiles
coupled with lower arrivals in local market following weak import data.
Malaysian palm oil production is expected to drop by between five per
cent and eight per cent this year due to the prolonged El Nino drought.
Crude palm oil prices in spot market dropped by 1.00 rupees and settled
at 534.80 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300
Wednesday, November 2, 2016
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