Thursday, March 9, 2017

CPO trading range for the day is 523.5-543.3.
Crude palm oil prices ended with gains on short covering after prices dropped amid weak spot market on sluggish demand. Malaysia palm oil exports during Feb 1-28 fell by 14.2% compared to a month earlier on subdued demand. World palm oil output is forecast to climb 11% to 65 million tonnes this year from 58.3 mln tonnes a year ago. Crude palm oil prices in spot market gained by 0.10 rupees and settled at 548.90 rupees.
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