Monday, 4 August 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 5 August 2014



CPO trading range for the day is 515.2-521.6.
Crude palm oil ended with gains tracking firmness in spot demand amid late short covering.
India crude palm oil imports jumped 45% to 5.12 million tons in June compared to 3.53 million tons for the same period a year ago.

The Agriculture Ministry said in mid-July that output in 2014 had initially been forecast to drop 15-20 percent due to the predicted El Nino.

Crude palm oil prices in spot market dropped by 6.50 and settled at 529.70 rupees.

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