Thursday, 1 May 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 2 MAY 2014


CPO trading range for the day is 543.8-559.4.
Crude palm oil dropped due to sluggish demand in the spot market against adequate stocks in the physical market.
Global palm oil imports will pick up in the second quarter as demand increases before Ramadan.
Palm refining capacity in Indonesia is forecast to jump almost 50 percent this year, according to industry officials.
Crude palm oil prices in spot market dropped by 0.40 and settled at 566.40 rupees.
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