EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 11 July 2018
Posted by Commodity Updates by Epic Research on 13:33:00 with No comments
CPO trading range for the day is 626.8-635.2.
Crude palm oil dropped tracking weakness in spot demand and overseas prices as better production is expected, slow exports due to low pricing weighed.
Malaysia's palm oil stockpiles at the end of June rose 0.8 percent from the previous month to 2.19 million tonnes.
Exports of Malaysian palm oil products during July 1-10 fell 14.4 percent to 278,048 tonnes, from 324,947 tonnes shipped during June 1-10.
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