Friday 2 November 2018

CPO Trading Range For The Day Is 565.5-575.3

CPO trading range for the day is 565.5-575.3.

Crude palm oil gained on short covering after prices dropped due to weaker international prices and higher imports.

Palm oil production forecast to rise in the last quarter of the year in line with the seasonal trend.

Output of palm oil from Indonesia, rose in September buoyed by peak harvest season, while demand from top buyers boosted exports.

Crude palm oil prices in spot market dropped by 5.40 rupees and settled at 570.30 rupees.

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