Wednesday 16 July 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 17 July 2014




CPO trading range for the day is 520.9-530.7.
Crude palm oil ended with gains tracking firmness in spot demand amid short covering.
However, the gains were capped as USDA forecast huge global supplies ahead for soyabean in the monthly report.

Exports of Malaysian palm oil products for July 1-15 rose 14.2 percent to 673,463 tonnes from 589,748 tonnes during June 1-15.

Crude palm oil prices in spot market gained by 2.30 and settled at 534.50 rupees.

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