Wednesday 20 August 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 20 August 2014



CPO trading range for the day is 485.3-507.5.
Crude palm oil dropped on weak Malaysian palm oil export data indicating subdued demand and tracking bearishness in edible oil complex.
Malaysia palm oil exports fell 15.2% to 570,761 tons in Aug 1-15 compared to 673,463 tons for the same period a month ago.
India's palm oil imports rose by a tenth to 657,750 tonnes in July from a month earlier.
Crude palm oil prices in spot market dropped by 5.60 and settled at 506.20 rupees.

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