Friday, July 19, 2013

EPIC AGRI COMMODITY UPDATE :CRUDE PALAM OIL








CPO trading range for the day is 486.6-500.6.
Crude palm oil gains tracking firmness in spot demand and overseas prices but gains were capped by lingering concerns over weak demand
Slowing demand after the start of Ramadan slashed Malaysian palm oil exports during the first half of July
The start o
f a higher production cycle in the second half of the year also raised concerns over inventory levels climbing this month
Crude palm oil prices in spot market gained by Rs 3.20 and settled at 499.50 rupees.

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