Monday, January 30, 2017

CPO trading range for the day is 579.1-598.9. Crude palm oil prices ended with losses on profit booking after prices gained recently following robust Malaysian palm oil export data. Indonesia will set its export tax for crude palm oil (CPO) in February at $18 per tonne, up from $3 per tonne this month, the country's trade ministry said. China’s imports plunged 24 percent to 4.48 million metric tons in 2016, the lowest since 2005. Crude palm oil prices in spot market dropped by 6.60 rupees and settled at 590.30 rupees. 

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