Monday, January 13, 2014

EPIC AGRI COMMODITY UPDATE :CRUDE PALM OIL


CPO trading range for the day is 532.7-538.9.
Crude palm oil ended with small gains on short covering after prices seen under pressure in last few sessions.
The Malaysian Palm Oil Board's stocks report, showed that Malaysia's inventories at the end of December rose 0.3 percent.
India, the world's top importer of vegetable oils, raised import duty on refined palm oil to 10 percent from 7.5 percent.
Crude palm oil prices in spot market dropped by 3.80 and settled at 530.10 rupees.

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