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Thursday, September 19, 2013

EPIC AGRI COMMODITY UPDATE: CRUDE PALAM OIL


CPO trading range for the day is 520.8-527.6.
Crude palm oil dropped tracking weakness in spot demand and overseas prices as prospects of rising global edible oil supplies
Palm oil production in Indonesia and Malaysia is expected to start rising this month as trees enter the peak production cycle
Data showed exports of Malaysian palm oil products from Sept. 1-15 rose 13.6 percent to 732,412 tonnes
Crude palm oil prices in spot market dropped by Rs 2.60 and settled at 528.90 rupees.

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