Tuesday, August 22, 2017

Crude Palm Oil or cpo MCX Updates Agri Commodity


MCX CPO closed higher for the 4 th trading session on Monday tracking firm International prices and expectation of higher demand for coming festival season. 

Moreover, higher import duty also supports prices. Recent, government raised import duty on crude palm oil to 15% from 7.5% and on refined palm oil to 25% from 15% but higher stocks in the country is having bearish impact.
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