CPO Futures Closed Lower On Thursday

CPO Futures closed lower on Thursday tracking international market. The trend looks positive as there was increase in Tariff Value of RBD Palm Oil by the government to 736$/mt from 703$. The most active CPO Aug’16 expiry closed 0.66% lower to settle at Rs. 568.1 per 10 kg. However, Palm oil imports by India fell for a third month in July as some buyers switched to soybean oil. As per SEA circular, imports dropped 40 percent to 570,051 metric tons in July from a year earlier. Total vegetable oil purchases fell 25 percent to 1.13 million tons, while soybean oil imports rose 1.4 %, the survey showed.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 0969999771
NewerStories OlderStories Home