Wednesday, April 19, 2017

  • CPO trading range for the day is 503.6-514.4.
  •  Crude palm oil ended with losses tracking weakness in spot demand and overseas prices on forecasts of rising output. 
  • There is expectation of higher stock levels of edible oil in the country as oilseed crushing is going on in full swing. 
  • Export of palm oil from Malaysia is forecast to increase marginally by 3.1% on year in Oct-Sep 2016-17 to 17.15 mln tn. 
  • Crude palm oil prices in spot market dropped by 1.70 rupees and settled at 521.10 rupees.
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