12/07/2018 11:29:00 AM
- CPO trading range for the day is 484-500.4.
- Crude palm Oil settled down due to expectations of rising inventories in Malaysia and a change in Indonesia's export levy rules.
- Indonesia relaxed rules on palm oil levies and derivative products effective immediately following a drop in prices, the country's finance ministry said.
- Malaysia's palm oil stocks at end-November are likely to touch the 3-million-tonne mark, their highest in recent years, as the drop in exports outpaced lean production.
- Crude palm oil prices in spot market gained by 0.20 rupees and settled at 486.00 rupees.
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