Crude Palm Oil (CPO) Trading Range For The Day Is 632.3-649

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CPO trading range for the day is 632.3-649.3.

 

Crude palm oil ended with losses on profit booking after prices gained after industry export hiked prices outlook forecast on strong demand hope. 

 

Increase in import duty to 30% and 40% for crude palm oil and refine palm oil respectively. 

 

Indian importers are seeking to cancel up to 100,000 tonnes of crude palm oil cargoes as costs have risen since the country. 

 

Crude palm oil prices in spot market dropped by 1.30 rupees and settled at 646.80 rupees.

 

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