Tuesday 26 August 2014

Capital stroke NCDEX Update : CRUDE PALM OIL 26 August 2014



CPO trading range for the day is 425.2-465.
Crude palm oil ended with gains on short covering after prices dropped due to higher output from the major producing belts.

Further, weak edible oil prices and sufficient supplies from the major producing belts too added pressure on crude palm oil prices.

Malaysia`s palm oil exports during August 1-25, 2014 stood at 9.86 Lakh metric tonnes, down 15%from the last month in the same period.

Crude palm oil prices in spot market gained by 1.70 and settled at 482.70 rupees.

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