Friday, March 31, 2017

  • CPO trading range for the day is 536.8-539.4. Crude palm oil prices dropped tracking weakness in spot demand on expectation of good supplies. 
  • There is expectation of higher stock levels of edible oil in the country as oilseed crushing is going on in full swing. 
  • Moreover, shipments from Malaysia, the world's second largest producer after Indonesia, dipped during the March 1-25 period. 
  • Crude palm oil prices in spot market dropped by 0.70 rupees and settled at 538.20 rupees.
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