Wednesday 28 May 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 28 MAY 2014

CPO trading range for the day is 515.4-527.8.CPO settled down on higher Malaysian palm oil stockpiles and higher domestic supplies.Palm oil inventories in Malaysia climbed to 1.77 million tons in April compared to 1.68 million tons a month ago, the MPOB data showedOutput advanced 4 percent to 1.56 million tons and exports climbed 1.2 percent to 1.26 million tons, MPOB data showed.Crude palm oil prices in spot market gained by 0.80 and settled at 525.90 rupees.

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