CPO Apr Futures Closed Higher

CPO Apr Futures closed higher yesterday tracking other edible oil prices in domestic market.. However, good physical demand from stockists and traders in domestic market may keep higher prices in spot market. CPO Apr’16 expiry closed higher by 1.17% to settle at Rs. 561.9 per 10 kg.

According to latest data released by SEA, during NovemberFebruary, palm oil import has marginally increased to 29,60,002 tonnes from 28,03,942 tonnes during the same period of last year. Good domestic demand by the stockists on report of lower production and lower inventories in Malaysia and Indonesia may keep prices higher.

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