CPO: not expected to rise - 16 June, 2016

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CPO (crude palm oil) in Kandla fell to Rs 4560 from Rs 4900 due to weak demand. While CPO in Malaysia declined by $20 to $660 per tonne. Although the buying in Kandla is seen good at the lower side.
Despite this, the resellers too are selling their stocks at the reduced price. Seeing this, it is not expected to rise in the coming days.

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