CPO trading range for the day is 505.7-518.9. Crude palm oil ended with losses tracking weakness in overseas prices on higher output from Malaysia. In a bid to curb surging imports and to protect the interest of farmers and domestic industry, the government last week hiked import duty. According to SEA release, during November-July period, palm oil import increased to 67.41 lakh tonnes from 61.75 lakh tonnes.Crude palm oil prices in spot market gained by 3.50 rupees and settled at 524.90 rupees.
For
MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664
No comments:
Post a Comment