EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 04 July 2018
Posted by Commodity Updates by Epic Research on 15:49:00 with No comments
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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