Tuesday 24 December 2019

CPO trading range for the day is 734.6-748.8

* CPO trading range for the day is 734.6-748.8.

* Crude palm oil dropped on profit booking after prices gained fuelled by concerns over lower stockpiles due to seasonal declines.

* Poor rainfall in top producers Indonesia and Malaysia earlier this year is likely to curb yields of the tropical oil in the first half of 2020.

* Exports of Malaysian palm oil products during Dec. 1-15 fell between 15.5% and 18.6% from a month earlier, data from cargo surveyors showed.

* Crude palm oil prices in the spot market gained by 3.80 rupees and settled at 742.80 rupees.

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