CPO: not rally - 09 June, 2016

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CPO (crude palm oil) in Kandla fell to Rs 5350 per quintal due to weak demand. While CPO in overseas market declined from $700 to $692 per tonne. CPO in KLC witnessed a downtrend owing to speculative selling. Seeing heavy stock & weak demand, it is unlikely to rise. The market may pressurize.

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