1/31/2018 01:34:00 PM
- CPO trading range for the day is 566.3-577.1.
- Crude palm oil dropped tracking weakness in spot demand on profit booking after prices gained tracking global cues amid supply worries from Malaysia.
- Data released by Malaysian Palm Oil Association (MPOA) showed that palm oil output dropped by 17.1%.
- Government increase tariff value for CPO by $16 per ton to $676 per ton for the second half of January month.
- Crude palm oil prices in spot market gained by 2.80 rupees and settled at 561.60 rupees.
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