Wednesday, 4 July 2018

EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 04 July 2018

CPO trading range for the day is 625.9-636.5.

Crude palm oil ended with losses tracking weakness in spot demand amid higher domestic stocks.

According to SEA monthly update, palm oil imports into the country were down 33% and 46% for CPO and RBD Palomlein compared to last year.

India’s palm oil imports dropped due to higher taxes on shipments while weaker rupees making imports expensive.

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