EPIC AGRI COMMODITY UPDATE:CRUDE PALAM OIL
Posted: Thu Jun 27, 2013 9:48 pm
CPO trading range for the day is 498.8-508.6.Crude palm oil ended with losses tracking weakness in spot demand and overseas market.A higher supply of soybeans to be crushed into vegetable oil could shift demand away from palm oil.Indonesia has set its export tax for crude palm oil at 10.5 percent for July, up from 9 percent in JuneCrude palm oil prices in spot market gained by Rs 2.00 and settled at 506.30 rupees.