CPO trading range for the day is 434.3-447.5.
Crude palm oil ended lower weighed down by concerns of rising vegetable oil supply amid lower demand.
Global ending stockpiles of palm oil will increase 10 percent to 8.7 million tons in 2014-2015, according to a forecast from the USDA.
India’s Palm oil imports are cut 200,000 tons to 8.6 million on weaker than expected purchases.
Crude palm oil prices in spot market dropped by 1.80 and settled at 484.40 rupees.
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Crude palm oil ended lower weighed down by concerns of rising vegetable oil supply amid lower demand.
Global ending stockpiles of palm oil will increase 10 percent to 8.7 million tons in 2014-2015, according to a forecast from the USDA.
India’s Palm oil imports are cut 200,000 tons to 8.6 million on weaker than expected purchases.
Crude palm oil prices in spot market dropped by 1.80 and settled at 484.40 rupees.
Visit Here
http://www.epicresearch.co
GET FREE TRIAL +91 731 6642300
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