Crude Palm Oil Prices

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Indonesia's allowance of more exports globally and a reduction of palm oil prices in India have paved the way for a high palm oil import in 10 months

This is due to a forecast of decline in production and expectation of a revival in biodiesel demand in Indonesia, one of the largest producers

In a major relief for the Indian government and consumers, crude palm oil (CPO) prices are likely to decline by nearly 15 per cent before the end of 2017 due to bumper supply from Indonesia and Malaysia, the world's two largest producers of the oil to which India is a big importer.Speaking on the sidelines of the Globoil India 2017, the three-day event here, James Fry, Chairman, LMC International, a London based agri commodities' trading firm, said, "Crude palm oil prices are set to decline to ringgit 2400 a tonne by the current year-end primarily because of huge supply coming in from Malaysia and Indonesia."The benchmark CPO contract for near month delivery in Bursa Malaysia shot up sharply to trade at ringgit 2873 a tonne, a 3.8 per cent jump in September alone. The CPO price shows a sharp 7.8 per cent rise from its level a month ago. The sudden spurt in the CPO price is largely attributed to lower output in Malaysia and Indonesia where production declined due to fewer number of ...

Oil for delivery in August contracts traded higher by Rs 1.50, or 0.26%

Oil for delivery in September contracts shed Rs 5.20 or 0.93%

Traders trimmed their positions, tracking a weak trend at spot market on sluggish demand

Oil for delivery in July contracts went up by Rs 2.30, or 0.46%

Oil for delivery in June traded lower by Rs 2.40 or 0.47%