Crude palm oil prices dropped on oversupply of the oil from Malaysia, the second biggest palm oil producer.
Malaysia's crude palm oil output rose in July and end-July stockpiles climbed, a data released by the Malaysian Palm Oil Board showed.
Palm oil output jumped 2.84% to 1.81 million tons as on July end compared to 1.76 million tons a month earlier.
Crude palm oil prices in spot market dropped by 0.60 rupees and settled at 390.00 rupees
For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co
No comments:
Post a Comment
Note: only a member of this blog may post a comment.