10/06/2017 12:55:00 PM
- CPO trading range for the day is 529.5-545.3.
- Crude palm oil dropped on profit booking after price seen supported tracking firmness in overseas prices amid expectations that September ending stocks will only show a small increase.
- Malaysian palm oil end-stocks likely reached the 2 million tonne mark in September, their highest since February 2016.
- Inventories at end-September are estimated to have risen 3.2 percent to 2 million tonnes from August, up for a third straight month.
- Crude palm oil prices in spot market dropped by 0.40 rupees and settled at 541.50 rupees.
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