Thursday, 2 August 2018

EPIC RESEARCH MCX Crude palm oil UPDATE OF 2 August 2018

CPO trading range for the day is 591.8-602.2.

* Crude palm oil dropped due to cut in tariff value for the palm oil imports.

* The base import price of crude palm oil has been cut to $578 per tn from $614 per tn earlier.

* According to SEA monthly update, palm oil imports into the country were down 47% and 26% for CPO and RBD Palmolein in June compared to last year.

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