CPO Futures Closed Lower On Tuesday

CPO Futures closed lower on Tuesday tracking international edible oil market and higher availability of edible oil in the physical market due to expectation of cheap imports. The most active CPO Sep’16 expiry closed down by 2.49% to settle at Rs. 520.5 per 10 kg. The tariff value of RBD palmolein increase 6.1% for the 1st half of October compared to last fortnight. However, tariff value for CPO increase by only $1 /tonnes to $767.

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