Capital stroke NCDEX Update : CRUDE PALM OIL 19 MAY 2014

CPO Futures traded on a negative note last week taking cues from weak overseas soy oil markets and a strong Rupee and settled 0.44% lower.
Exports of Malaysian palm oil products between May 1-15 22.5% to 639,414 tonnes from 521,847 tonnes shipped between April 1-15. Malaysia has set the export tax for Palm oil for May at 5.5%, unchanged as against 5.5% in April. Malaysia has cut export tax for Palm oil for May to 12% as against 13.5% in April.
India's crude palm oil imports declined 23.96% in March to 424,937 tn from 558,810 tn last year.

For more details visit: http://www.capitalstroke.com/ or contact on 0731-3299704