CPO Futures Trade Corrected On Friday

CPO Futures trade corrected on Friday tracking international prices but closed higher last week due to increase in tariff value by the government. The most active CPO Dec’16 expiry closed 2.34% higher last week to settle at Rs. 567.5 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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