Thursday, March 16, 2017

  • CPO trading range for the day is 521.2-536.2.
  • Crude palm oil prices ended with gains tracking firmness in spot demand amid supply shortage worries from Malaysia.
  • Palm oil output in Malaysia dropped by 1.43% to 1.25 million tons as compared to 1.27 million tons in January, data published by MPOB showed.
  • Closing stockpiles for month of February also dropped 5.32% to 1.45 million tons as compared to 1.54 million in January.
  • Crude palm oil prices in spot market gained by 3.10 rupees and settled at 541.70 rupees.

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