Wednesday, February 18, 2015

NCDEX AGRI COMMODITY NEWS UPDATE CRUDE PALM OIL 18 - FEB - 2015

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CPO trading range for the day is 458.5-468.9.
Crude palm Oil dropped due to profit booking after prices seen supported on a report from government of Indonesia.
Prices of the CPO were also up after Malaysia's crude palm oil output fell in January due to floods, and its stockpiles of the commodity hit a six-month low.
In Malaysia oil exports during Feb 1-15 dropped 4.98% compared to a month earlier on weak demand from China and Middle East.
Crude palm oil prices in spot market gained by 5.10 and settled at 456.10 rupees.

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