EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 09 July 2018

Posted by Commodity Updates by Epic Research on 14:43:00 with No comments

CPO trading range for the day is 625.5-635.7.

Crude palm oil ended with losses tracking weak palm oil in Malaysia and lower tariff value for July.

The government has slashed the base import price of CPO and RBD Palmolein by $26to $618 per ton and $27 to $646 per ton respectively.

India’s palm oil imports plunged 38 per cent from a year earlier to their lowest in nearly four and a half years.

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