10/01/2018 01:05:00 PM
- CPO trading range for the day is 578.9-596.7.
- Crude palm oil dropped on the back of high inventory levels in Indonesia and Malaysia.
- Southeast Asia's palm oil stocks are set to scale record highs in October or November, as storage tanks at ports and mills pile up with supplies.
- Indonesian inventories are seen peaking at 5 million tonnes, while Malaysian stocks are forecast to grow close to 3 million tonnes.
- Crude palm oil prices in spot market dropped by 1.60 rupees and settled at 591.90 rupees.
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