CPO Futures Trade On Positive Note



CPO Futures trade on positive note tracking international prices and increase in tariff value by the government. The most active CPO Dec’16 expiry closed 0.05% higher to settle at Rs. 562.0 per 10 kg. The tariff value of CPO increase by $25 to $764/tonne for the 1st half of Dec compared to previous fortnight. This is third 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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