Futures Recover On Tuesday

Futures recover on Tuesday due to bargain buying by the market participants despite lower prices in international prices. The most active CPO Dec’16 expiry closed 0.34% higher to settle at Rs. 564.4 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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