Tuesday, January 31, 2017

CPO trading range for the day is 584.3-589.3. Crude palm Oil settled flat tracking weakness in spot demand and on expectation of higher supply. Prices of the oil will be down on expectation of higher supply from Malaysia and Indonesia. Indonesia's crude palm oil (CPO) output likely fell slightly in December, ending a seven-month run of gains. Crude palm oil prices in spot market dropped by 3.40 rupees and settled at 586.90 rupees. 

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