CPO trading range for the day is 559.1-570.1.
Crude palm oil ended with losses due to subdued demand in the spot market against higher supplies from the major producing belts.
However downside was limited due to firmness in the global market on upbeat Malaysia palm oil export data indicating improved global demand.
Malaysia Apr 1-25 palm oil exports jumped 3.4% to 958,815 tons compared to 927,290 tons for the same period a month ago.
Crude palm oil prices in spot market dropped by 1.80 and settled at 566.80 rupees.
Technically market is under long liquidation as market has witnessed drop in open interest by -4.13% to settled at 24850.
For more details visit:http://www.capitalstroke.com/ or contact on 0731-3299704
0 comments :
Post a Comment