Friday 29 January 2016

Best Mcx Ncdex Market News On Crude palm Oil

Crude palm Oil settled flat amid supply worries and on improved demand. Palm oil prices were supported by supply worries after India's palm oil imports for December month fell. India's Crude palm oil imports slipped 29.24% to 778,815 tons in December compared to 551,058 tons in the same period a month ago.

Trading Ideas:
CPO trading range for the day is 431.8-435.2.
Crude palm oil prices settled flat amid supply worries and on improved demand.
Palm oil prices were supported by supply worries after India's palm oil imports for December month fell.
Palm oil prices were also supported as output from Malaysia, the world's second biggest palm producer, is seen declining in the coming months.
Crude palm oil prices in spot market dropped by 1.80 rupees and settled at 433.10 rupees.


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1 comment:

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