Thursday, January 16, 2014

EPIC AGRI COMMODITY UPDATE:CRUDE PALM OIL


CPO trading range for the day is 527.3-536.3.
CPO settled up tracking firm spot demand after prices seen under pressure as falling exports data
Exports of Malaysian palm oil products for Jan 1-15 fell 28 percent to 460,248 tons, from the last corresponding period of the last year
Malaysia, the world's No.2 palm oil producer, has kept its crude palm oil export tax for February unchanged at 5 percent.
Crude palm oil prices in spot market dropped by 0.50 and settled at 526.70 rupees.

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