CPO: unlikely to rise - 13 June, 2016

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CPO (crude palm oil) at Kandla held flat at Rs 5300 per quintal due to weak selling from the importers amidst slow demand from Vanaspati ghee makers. CPO in the overseas markets witnessed a downtrend.
Seeing demand & supply position, it is unlikely to rise in the coming days. The market may remain in a limited range.

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