EPIC RESEARCH MCX CPO UPDATE OF 19 June 2018

Posted by Commodity Updates by Epic Research on 12:31:00 with No comments

CPO trading range for the day is 634.6-644.4.

Crude palm oil ended with losses on the back of weaker export demand and a fall in crude oil prices.

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

Exports of Malaysian palm oil products for June 1 – 15 fell 7.2 percent to 500,197 tonnes from 539,084 tonnes shipped during May 1 – 15.

Crude palm oil prices in spot market dropped by 2.40 rupees and settled at 642.40 rupees.

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