CPO trading range for the day is 437.8-455.2.
Crude palm oil prices dropped on expectation of higher supply of the oil in global market.
Malaysia's end-February palm oil stocks could have dropped to an eight-month low as flooding in Borneo to its weakest level in four years.
Crude palm oil production was seen dropping 3.0 percent to 1.13 million tonnes - the weakest since Feb. 2011.
Crude palm oil prices in spot market dropped by 6.00 and settled at 444.50 rupees. Visit Here
http://www.epicresearch.co
GET FREE TRIAL +91 731 6642300
Crude palm oil prices dropped on expectation of higher supply of the oil in global market.
Malaysia's end-February palm oil stocks could have dropped to an eight-month low as flooding in Borneo to its weakest level in four years.
Crude palm oil production was seen dropping 3.0 percent to 1.13 million tonnes - the weakest since Feb. 2011.
Crude palm oil prices in spot market dropped by 6.00 and settled at 444.50 rupees. Visit Here
http://www.epicresearch.co
GET FREE TRIAL +91 731 6642300
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