Wednesday, January 4, 2017

CPO trading range for the day is 572-588.4. Crude palm oil prices ended with gains tracking firmness in spot demand and overseas prices on supply worries from Malaysia. Palm oil stock at various ports of the country was totalled 261,000 tons against 415,000 tons during same period last year. Malaysian palm oil production totaled 15.8 million tons in the first 11 months of this year, down 15% from the same period in 2015. Crude palm oil prices in spot market gained by 5.00 rupees and settled at 594.10 rupees.

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