Monday, April 15, 2013

EPIC AGRI COMMODITY UPDATE: CRUDE PALAM OIL

CPO trading range for the day is 461.9-464.9.
Crude palm oil dropped in choppy trade amid weak spot demand with no clear guidance from overseas markets
Official data showed that stocks in Southeast Asian country declined a steeper than expected 10.9% in March to 2.17 mln tns
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 1.50 and settled at 462.60 rupees.

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