CPO Futures Closed Higher On Wednesday

CPO Futures closed higher on Wednesday tracking firm international prices. In the domestic market, the stocks are sufficient and the demand is little lower. The most active CPO Dec’16 expiry closed 0.44% higher to settle at Rs. 566.9 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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