Monday, February 6, 2017

CPO trading range for the day is 573-580.2. Crude palm oil dropped on profit booking on prospects of higher imports and higher supply situation. However downside seen limited as data from Indonesia continued to show supply tightness for palm oil. India's palm oil imports from Malaysia during Jan 1-31 rose by 3.77% to 222,100 tons. Crude palm oil prices in spot market dropped by 0.70 rupees and settled at 586.80 rupees.
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