Crude palm oil prices dropped on subdued demand following weak Malaysia palm oil export data.
Malaysian palm oil exports in July fell 6.4% from June to 1.54 million tons, DowJones reported citing Intertek Testing Services.
In the latest USDA report, global palm oil production in 2015/16 forecasted to increase by 6 % to 65.17 million tons (mt).
Crude palm oil prices in spot market dropped by 4.00 rupees and settled at 404.80 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.