Friday 23 May 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 23 MAY 2014

CPO trading range for the day is 531-542.6.
Crude palm oil seen supported driven by strong demand in spot markets against tight supplies from the major producing belts.
Malaysia palm oil exports jumped 18.5% to 856,128 tons in May 1-20 compared to 722,170 tons for the same period a month ago.
Malaysia crude palm oil output in Malaysia rose to 1.56 million tons in April compared to 1.49 million tons in March, the report showed. 
Crude palm oil prices in spot market gained by 1.00 and settled at 533.60 rupees.
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