10/04/2018 01:23:00 PM
- CPO trading range for the day is 581.6-592.6.
- Crude palm oil ended with gains on short covering tracking firmness in spot demand after prices dropped amid good stocks due to higher imports.
- Indonesian palm oil production is expected to hit 40 million tonnes in 2018, up from an earlier forecast of 38.5 million tonnes.
- Due to the seasonal rise in palm oil production at the end of the year, palm stocks for the last quarter of 2018 "look heavy”.
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