CPO Futures Closed Higher On Thursday

CPO Futures closed higher on Thursday due to strong international prices and good demand for the edible oil in the physical market. The most active CPO Sep’16 expiry closed higher by 1.14% to settle at Rs. 596.9 per 10 kg. India's palm oil imports in 2016/17 are likely to rise 9 percent to 9.24 mt from a year earlier, as a growing population and higher income levels drive up edible oil consumption, as per analysts.

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