Oil CPO Futures Closed Lower Yesterday

Oil CPO Futures closed lower yesterday tracking international market but expectation of good physical demand from the stockists in the domestic market may keep prices supported. The most active CPO Sep’16 expiry closed 0.60% lower to settle at Rs. 559.7 per 10 kg. Increase in Tariff Value of RBD Palm Oil by the government to 736$/mt from 703$ also keep prices higher.

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