Tuesday 3 March 2015

PALM OIL DOWN 1.1% ON PROFIT-BOOKING

Agri Commodity Tips , Best NCDEX Tips Provider , Agri Commodity Trading , Agri Trading TipsCPO trading range for the day is 449.4-479.8 . CRUDE PALM OIL futures prices fell 1.11% to Rs 460.50 per 10 kg today after speculators booked profits at prevailing levels amid subdued spot demand.
Palm oil stockpiles also dropped 12.2% to 1.77 million tons as on January end compared to 2.01 million tons a month ago, data showed.
Moreover, lower edible oil prices in global markets weighed on crude palm oil prices.
At the MCX crude palm oil for delivery in April declined by Rs 5.20, or 1.11%, to Rs 460.50 per 10 kg in business turnover of 507 lots.
Similarly, oil for delivery in March declined by Rs 4.80, or 1.04%, to Rs 455.10 per 10 kg in 595 lots.
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