Tuesday, 17 December 2019

CPO Trading Range For The Day Is 715.9-743.7

CPO trading range for the day is 715.9-743.7.

Crude palm oil prices rallied tracking firmness in Malaysian palm oil prices on fears that supply is set to fall sharply.

According to reports, Malaysian palm oil production would show a 10% monthly fall in November.

According to Indonesia trade ministry, Indonesia kept Dec crude palm oil export duty unchanged at zero.

Crude palm oil prices in the spot market gained by 5.50 rupees and settled at 731.40 rupees.

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