Friday, 6 July 2018

EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 06 July 2018

CPO trading range for the day is 625-636.4.

Crude palm oil ended with gains due tracking firmness in spot demand despite of lower tariff value for July.

Malaysian inventories for June are seen edging down to a nine-month low at 2.15 million tonnes.

The government has slashed the base import price of CPO and RBD Palmolein by $26to $618 per ton and $27 to $646 per ton respectively.

Crude palm oil prices in spot market dropped by 1.20 rupees and settled at 634.60 rupees.

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