Tuesday, February 7, 2017

PO trading range for the day is 575.4-581.2. Crude palm oil prices gained on increasing demand and on rising concerns about production. Malaysia palm oil exports climbed to 1.17 million tons during Jan 1-31 compared to 1.08 million tons for the same period a month ago. Indonesia Palm and kernel production fell 3% to 34.5 million tons in 2016 from a year earlier. Crude palm oil prices in spot market dropped by 2.20 rupees and settled at 584.60 rupees. 
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