CPO trading range for the day is 558.2-580. Crude palm oil dropped as pressure seen after the government did not take any decision on increasing import duty on edible oil for now. For the second first half of Nov, the base import price for crude palm oil and refined, bleached and deodorised palm oil were raised by $2 and $3 per tn.

During Nov-Sep period, crude palm oil import is 57.34 lakh tonnes, up 9.5% from 52.34 lt during the same period of the previous oil year. Crude palm oil prices in spot market gained by 2.90 rupees and settled at 554.20 rupees.

SELL CPO NOV 2017 @ 569.00 SL 574.00 TGT 564.00-560.00.MCX.

Get Profit Click Here>> Indian Stock Market Tips.