Wednesday, January 25, 2017

CPO trading range for the day is 591.4-602.6. Crude palm oil gained supported by pick-up in demand at the spot market amid firming trend in the global market. Prices also seen supported on anticipation of increase in physical demand for the oil after lower demand during last two months. As per SEA data, India Nov-Dec RBD palmolein import 486,502 tonnes, up 5% on year and Dec RBD palmolein import 245,554 tonnes. Crude palm oil prices in spot market gained by 3.40 rupees and settled at 598.00 rupees. 

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