Thursday, January 19, 2017

CPO trading range for the day is 591.7-599.1. Crude palm oil prices ended with gains amid supply worries from Malaysia and on strong Malaysian palm oil export data for Dec 1-15. Stock continues to be on a five year low keeping the supply tightness story intact. As per MPOB Palm oil output may rise by 12 % this year to 19.4 million tons from 17.4 million tons in 2016. Crude palm oil prices in spot market dropped by 0.90 rupees and settled at 601.10 rupees. 

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