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Thursday, 29 May 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 29 MAY 2014

CPO trading range for the day is 510.6-529.8.Crude palm oil ended with gains driven by increased demand in spot markets.However, concerns that export demand will not be strong enough to check rising stockpiles, capped some gains.Cargo surveyor data reported that exports of Malaysian palm oil products between May 1-25 rose 13-14 percent from a month earlier.Crude palm oil prices in spot market gained by 0.70 and settled at 526.80 rupees.

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