Commodity Tips :- Crude Palm Oil (CPO) Trading Range For The Day Is 636.8-643.6

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CPO trading range for the day is 636.8-643.6.

 

Crude palm oil ended with losses after Malaysia said it would resume an export tax and on expectations of slowing demand growth.

 

Malaysia, said it would resume export duties on crude palm oil after four months of tax exemptions.

 

March shipments surged 19.2 percent to 1.57 million tonnes, both its strongest monthly gains and highest export levels since August 2016.

 

Crude palm oil prices in spot market dropped by 1.00 rupees and settled at 638.80 rupees.

 

 

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