CPO Apr Futures Closed Higher

CPO Apr Futures closed higher on yesterday on good demand in retail buying. CPO May’16 expiry closed higher by 0.20% to settle at Rs. 558.3 per 10 kg. According to latest data released by SEA, during Nov-Mar, palm oil import has marginally increased to 36 lt tonnes from 34.86 lt 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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