Tuesday, March 21, 2017

  • CPO trading range for the day is 528-537.2. 
  • Crude palm oil gains tracking spot demand and overseas prices on lower output despite of weak export data from Malaysia. Prices of oil will also be supported by speculation that weather concerns may re-emerge as a theme. 
  • Palm oil output in Malaysia also dropped by 1.43% to 1.25 million tons as compared to 1.27 million tons in January, MPOB said.
  •  Crude palm oil prices in spot market dropped by 0.70 rupees and settled at 540.90 rupees.
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