CPO Futures traded on a negative note on Monday taking cues from weak overseas palm oil markets and a strong Rupee and settled 1.7% lower.
Exports of Malaysian palm oil products between May 1-20 jumped 18.5% to 856,128 tonnes from 722,170 tonnes shipped between April 1-20. Malaysia has set the export tax for Palm oil for May at 5.5%, unchanged as against 5.5% in April. Malaysia has cut export tax for Palm oil for May to 12% as against 13.5% in April.
India's crude palm oil imports increased 87.24% in March to 438,122 tn from 233,987 tn last yearVisit Herehttp://www.epicresearch.co
GET FREE TRIAL +91 731 6642300
No comments:
Post a Comment
Note: only a member of this blog may post a comment.