Friday, July 7, 2017

  • CPO trading range for the day is 482.2-490.2.
  • Crude palm oil ended with gains tracking firmness in spot demand and overseas prices on the back of forecasts for lower production in June.
  • Production in Malaysia, rose to 1.65 mt in May, up 6.9% from the previous month, according to the latest data MPOB.
  • Palm oil shipments from Malaysia fell 8.9% for the full month of June from the previous month, according to data from cargo surveyor.
  • Crude palm oil prices in spot market gained by 0.20 rupees and settled at 496.50 rupees.

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