Crude Palm Oil (CPO) Trading Range For The Day Is 478-489.2

Crude palm Oil on MCX settled up by 1.17% at 485.1 tracking firmness in spot demand on low level buying after prices dropped ample supplies in the domestic market. Malaysia palm oil exports during July 1-20 jumped 10.5% compared to same period a month ago on strong demand from China and European Union, data showed. Malaysia palm oil exports rose to 796,664 tons during July 1-20 compared to 721,020 tons for the same period a month ago.

Trading Ideas:

* CPO trading range for the day is 478-489.2.

* Crude palm oil ended with gains tracking firmness in spot demand on low level buying after prices dropped ample supplies in the domestic market.

* Malaysia palm oil exports during July 1-20 jumped 10.5% compared to same period a month ago on strong demand from China and European Union.

* Malaysia palm oil exports rose to 796,664 tons during July 1-20 compared to 721,020 tons for the same period a month ago.

* Crude palm oil prices in spot market gained by 2.80 rupees and settled at 484.60 rupees.

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