CPO Futures Closed Higher On Tuesday




CPO Futures closed higher on Tuesday tracking international prices. In the domestic market, the stocks are sufficient but the demand is increasing as the country is now returning to normalcy after the demonetization. The most active CPO Dec’16 expiry closed 1.37% higher to settle at Rs. 577.1 per 10 kg. On 15-Dec-16, the tariff value of CPO increase by $16 to $780/tonne for the 2nd half of Dec compared to previous fortnight. This is fourth straight increase but still lower than the September tariff price. In domestic market, the prices are following the international market as country is depending on the imports.

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