Wednesday, April 10, 2013

EPIC AGRI COMMODITY UPDATE: CRUDE PALAM OIL

 

CPO trading range for the day is 462.07-470.67.
Crude palm oil ended with losses tracking weakness in spot demand though downside was limited due to gains in overseas
Market participants are also looking out for Malaysian palm export data for the first 10 days of April, due on Wednesday.
Malaysia Palm oil stocks is likely to have dropped 3.8 percent to 2.35 mn tons, the third monthly decline.
Crude palm oil prices in spot market gained by Rs 0.20 and settled at 462.10 rupees.

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