Crude Palm Oil (CPO) Trading Range For The Day Is 478–489.2
Crude palm Oil on MCX settled up by 1.17% at 485.1 tracking firmness in spot demand on low level buying after prices dropped ample supplies in the domestic market. Malaysia palm oil exports during July 1–20 jumped 10.5% compared to same period a month ago on strong demand from China and European Union, data showed. Malaysia palm oil exports rose to 796,664 tons during July 1–20 compared to 721,020 tons for the same period a month ago.
Trading Ideas:
* CPO trading range for the day is 478–489.2.
* Crude palm oil ended with gains tracking firmness in spot demand on low level buying after prices dropped ample supplies in the domestic market.
* Malaysia palm oil exports during July 1–20 jumped 10.5% compared to same period a month ago on strong demand from China and European Union.
* Malaysia palm oil exports rose to 796,664 tons during July 1–20 compared to 721,020 tons for the same period a month ago.
* Crude palm oil prices in spot market gained by 2.80 rupees and settled at 484.60 rupees.