CPO trading range for the day is 516.9-522.9. Crude Palm Oil ended with gains supported by pick-up in demand at the spot market. Moreover, expectation of higher demand for coming festival season and higher import duty also supports prices. Recently government raised import duty on crude palm oil to 15% from 7.5%, and on refined palm oil to 25% from 15%. Crude palm oil prices in spot market gained by 2.10 rupees and settled at 520.00 rupees.
For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664