Crude palm oil prices dropped on profit booking after gaining on rising demand in the spot market ahead of festival season.
However downside seen limited due to speculation of lower supply from Malaysia and Indonesia, the world's biggest oil producer.
Also the ongoing spread of haze due to burning of peat lands in Indonesia may affect overall palm production.
Crude palm oil prices in spot market dropped by 1.30 rupees and settled at 393.10 rupees. For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co
No comments:
Post a Comment
Note: only a member of this blog may post a comment.