Crude Palm Oil (CPO) Trading Range For The Day Is 487.9-494.9

Crude palm oil ended with flat node amid subdued demand following weak Malaysian palm oil export data. Malaysia palm oil exports during June 1-15 slumped 18% compared to same period a month ago on subdued demand from European Union and Middle East. Malaysia palm oil exports dropped to 508,960 tons during June 1-15 compared to 359,355 tons for the same period a month ago.

Trading Ideas:

* CPO trading range for the day is 487.9-494.9.

* Crude palm oil ended with flat node amid subdued demand following weak Malaysian palm oil export data.

* Malaysia palm oil exports during June 1-15 slumped 18% compared to same period a month ago.

* Palm oil output in Malaysia, jumped by 7% during month of May while exports rose by 17%, data released by Malaysian Palm Oil Board showed.

* Crude palm oil prices in spot market dropped by 0.60 rupees and settled at 495.70 rupees.

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