Thursday, May 02, 2013

EPIC AGRI COMMODITY UPDATE:CRUDE PALAM OIL

CPO trading range for the day is 453.87-464.07.
Crude Palm oil ended with losses tracking weakness in spot demand amid falling exports and investor caution ahead of a holiday.
Malaysian exports of palm oil products dropped 4.3 percent to 1,305,120 tonnes in April from a month ago.
With exports slowing compared to month ago, investors are now turning their hopes to near-stagnant production to help cut stockpiles in Malaysia.
Crude palm oil prices in spot market dropped by Rs 0.40 and settled at 464.20 rupees.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.