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Friday, 30 May 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 30 MAY 2014

CPO trading range for the day is 512.4-522.4.
Crude palm oil prices seen under pressure with rising supplies and sluggish demand putting pressure on the market.
Malaysia crude palm oil output in Malaysia rose to 1.56 million tons in April compared to 1.49 million tons in March.
Market participants were also cautious and stayed on the sidelines awaiting more leads on export demand and production.

Crude palm oil prices in spot market dropped by 2.40 and settled at 524.40 rupees

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