Wednesday, September 03, 2014

AGRI COMMODITY NEWS UPDATE CRUDE PALM OIL 03 - SEP - 2014



CPO trading range for the day is 433.1-448.1.
CPO settled up lifted by gains in overseas soy oil markets and on better-than-expected exports in August.
Crude palm oil imports jumped to 527,648 tons in July compared to 354,401 tons for the same period a year ago.
Malaysia, the second-largest palm grower, lowered its crude palm oil export tax for September to 4.5 percent, a government circular showed.
Crude palm oil prices in spot market dropped by 0.70 and settled at 455.60 rupees.
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