Showing posts with label Crude palm oil CPO futures trading news tips. Show all posts
Showing posts with label Crude palm oil CPO futures trading news tips. Show all posts

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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