Tuesday 15 July 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 16 July 2014



CPO trading range for the day is 513.8-528.4.
Crude palm oil extended fall on weak demand from domestic and local oil crushers.
Imports of palm oil by India probably dropped for a second month as a shrinking discount to soybean and sunflower oils cut its appeal.
Malaysia palm oil exports increased 5.3% to 1.48 million tons in Jul 1-10 compared to 1.4 million tons for the same period a month ago.
Crude palm oil prices in spot market dropped by 3.60 and settled at 532.20 rupees.


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