Thursday, 12 June 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 12 June 2014



CPO trading range for the day is 506.2-513.
Crude palm oil ended with losses after reports showed higher Malaysia palm oil inventory and stockpiles data.Besides, ample inventories following higher supplies from the major producing belts too added pressure on crude palm oil prices.
Malaysia, crude palm oil output jumped 6.5% to 1.65 million tons in May compared to 1.55 million tons in March.
Crude palm oil prices in spot market dropped by 2.70 and settled at 508.50 rupees.

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