Thursday 17 July 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 18 July 2014


CPO trading range for the day is 524-530.8.
CPO traded in the range and settled flat as support seen lifted by robust export demand and prospects of tighter supplies.

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.

Palm’s discount to soybean oil has contracted about 65 percent in the past year amid forecasts for a record U.S. soybean harvest.

Crude palm oil prices in spot market dropped by 0.20 and settled at 534.20 rupees.

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