Crude Palm Oil Ended With Gains Tracking Good Physical Demand

CPO trading range for the day is 497.5-501.9.

Crude palm oil ended with gains tracking good physical demand and report of lower stock levels on port.

Import of Crude palm oil higher by 38.2% on year at 4.21 lt in June while import of RBD Palmolein up by about 44% to 2.56 lt.

Indonesia exported 2.03 million tonnes of palm and palm kernel oils in April and 2.40 million tonnes in May, the Indonesia Palm Oil Association said.

Crude palm oil prices in the spot market dropped by 1.30 rupees and settled at 492.50 rupees.

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