Friday, January 13, 2017

CPO trading range for the day is 585.2-591.2. Crude palm oil prices ended with losses on profit booking after prices gained amid supply worries from in Malaysia. Malaysia palm oil exports during Jan 1-10 climbed 8% compared to a month earlier on strong demand from China and Middle East. Indonesia raises export tax to $3 per tons in January 2017 as per the trade ministry. Crude palm oil prices in spot market dropped by 1.60 rupees and settled at 599.40 rupees.

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