CPO Futures Recovered On Thursday



CPO Futures recovered on Thursday tracking international edible oil market and good demand anticipated during the coming festival season. The most active CPO Sep’16 expiry closed higher by 1.67% to settle at Rs. 517.1 per 10 kg. However, there is sufficient edible oil stock in the physical market due to expectation of cheap imports. 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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