CPO Apr Futures

CPO Apr Futures corrected further on Wednesday on slack physical demand at higher levels. CPO Apr’16 expiry closed lower by 0.48% to settle at Rs. 563.6 per 10 kg. According to latest data released by SEA, during November-February, palm oil import has marginally increased to 29,60,002 tonnes from 28,03,942 tonnes during the same period of last year. There is an anticipation of steady physical demand from stockists and traders on anticipation of lower oilseeds production this year.

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