Wednesday, March 8, 2017

CPO Futures fell on Tuesday tracking international prices and cut in the tariff charges.
Government has cut base import prices (tariff charges) for palm products in India for the second successive fortnight making prices cheaper to import.

For 1 st half of Mar, the prices of CPO and RBD palm oil cut by $30 and $11 a tonnes respectively.

The strengthening of rupee along with prediction of a bumper output of palm oil in Malaysia and Indonesia, may depress prices .
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