CPO trading range for the day is 440.4-453.8.
Crude palm oil prices ended with gains supported by pickup in demand in the spot market.
Prices of the palm oil were supported after USDA, cuts its forecast for Malaysian palm oil production for 2015 to 20 million tons instead of 20.5 million tons.
However, sharp gain in the palm oil prices was capped by subdued demand for the oil in export market following weak palm oil export data.
Crude palm oil prices in spot market gained by 6.30 and settled at 441.90 rupees.
Visit Here http://www.epicresearch.co CONTACT US : +91 731 6642300
Crude palm oil prices ended with gains supported by pickup in demand in the spot market.
Prices of the palm oil were supported after USDA, cuts its forecast for Malaysian palm oil production for 2015 to 20 million tons instead of 20.5 million tons.
However, sharp gain in the palm oil prices was capped by subdued demand for the oil in export market following weak palm oil export data.
Crude palm oil prices in spot market gained by 6.30 and settled at 441.90 rupees.
Visit Here http://www.epicresearch.co CONTACT US : +91 731 6642300
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