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MCX:CPO 

MCX:CPO
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MCX:CPO Price *
644.5 +1.9 (0.3%)
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MCX:CPO Discussion Forum


COCUAKAL DEC CMP 2315, EXPECTED RANGE 2240-2420, INTRADAY SUPPORT 2280-2240 , UPSIDE RES. 2370-2420, VIEW SIDEWAY
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MCX:CPO - 425839
Cpo 589 to 614. 👍 🤑
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Good upmove expected in cpo prices in coming days. Cmp 589.00 expected target 670/705. No trade suggested. Just a view
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CPO UPDATE - Exports of Malaysian palm oil products for October rose 14.6 percent to 1,522,051 tonnes from 1,327,566 tonnes shipped during September, cargo surveyor Societe Generale de Surveillance said
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*PALM OIL UPDATE* : Indonesia the world’s biggest producer of palm oil, is looking to increase its exports to China, its number 3 market, after India and European Union. As Indonesia, faces a likely increase in duties in India and a biofuel phase-out in the EU, it has welcomed a ...
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CPO UPDATE - According to cargo surveyor Societe Generale de Surveillance (SGS), Malaysia’s Oct 1-25 palm oil exports fell 9.0 percent to 291,575 tons compared from 273,360 tons in corresponding period last month.
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MCX Crude Palm Oil likely to move in a range of 545.1-550.3
<p>Technically MCX Crude Palm Oil is getting support at 546.3 and below same could see a test of 544.9 level, and resistance is now likely to be seen at 548.9, a move above could s
commodityonline
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Commodity Outlook: How gold, oil, base metals and agri commodities may trade today
Here is a check on the projections for various commodities from SMC Global Securities.
The Economic Times
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MCX Crude Palm Oil under long liquidation
<p>Technically Crude Palm Oil market is under long liquidation as market has witnessed drop in open interest by 19.28% to settled at 2232 while prices down 1.6 rupees.<br /><br />N
Commodity Online
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Sell CPO AT CMP 539.20 for target 537.20 to 536 SL above 541.60
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* BUY CPO at CMP 536.0 Add more at price 533.10 with SL 531.20 for Target 538 - 539.50
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Latest replies
Farook @farook
Apr 24 5:07 PM

CMP 537, Given at 536* low risk taker may book 1×2=2 Points* 2000/- small profit💰💰
Farook @farook
Apr 24 8:09 PM

CMP 538.50* But made high 539.30 almost second target🎯
But those who not booked now book 2.5×2=5 Points* Profit 5000/-💰💰💰🏌‍♂
Farook @farook
Apr 24 9:45 PM

Made high 539.70 our second target 539.50 hit🎯* 3.5×2=7 Points* Profit Rs.7000/-💰💰💰🎯🎯🏌‍♂🏌‍♂
  • MCX:CPO PRICE - 29NOV2019

    keyboard_arrow_down
    DateNov 13
    Open644
    High653.8
    Low643.5
    Previous Close644.5
    Volume2,150
  • MCX:CPO PRICE - 31DEC2019

    keyboard_arrow_down
    DateNov 13
    Open649
    High656.4
    Low648.1
    Previous Close648.5
    Volume2,037
  • MCX:CPO PRICE - 31JAN2020

    keyboard_arrow_down
    DateNov 13
    Open648
    High652
    Low645
    Previous Close645
    Volume38
  • MCX:CPO PRICE - 29NOV2019 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Nov 12639.1642.6638.1642.6
    Nov 11634645.9632.6642.8
    Nov 8621.3631.7620.7630
  • MCX:CPO PRICE - 31DEC2019 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Nov 12643645.5641.8645.5
    Nov 11641650.9637.1646.2
    Nov 8623.2634623.2633
  • MCX:CPO PRICE - 31JAN2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Nov 12639640.1639639.6
    Nov 11642647638.8641
    Nov 8626630626629.2
  • MCX:CPO PRICE - 28FEB2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Nov 11627627627627
    Nov 8627627627627
    Nov 7620620620620
  • MCX:CPO PRICE - 31MAR2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Nov 11631631631631
    Nov 8631631631631
    Nov 7623623623623
  • MCX:CPO - Recent News

    keyboard_arrow_down
    NewsBot
    Sep 30 6:29 PM
    MCX Crude Palm Oil likely to move in a range of 545.1-550.3
    commodityonline
    NewsBot
    Sep 30 6:22 PM
    Commodity Outlook: How gold, oil, base metals and agri commodities may trade today
    The Economic Times
    NewsBot
    Jul 26 7:48 PM
    MCX Crude Palm Oil under long liquidation
    Commodity Online
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  • MCX:CPO - More Information

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    MCX Crude Palm Oil (CPO):
    Crude Palm Oil is one of the Agri commodities that has been traded through MCX. MCX stands for the Multi Commodity Exchange. MCX is the exchange where you can trade commodities such as gold, silver, nickel and agricultural products like cotton, coffee, turmeric, etc. just like the BSE exchange where stocks of companies are traded. The trading mechanism done through MCX is pretty transparent, and it is disciplined with the regulatory framework.
    What is Crude Palm Oil?
    Crude Palm Oil is a type of edible vegetable oil obtained from the mesocarp, fruit of the Oil Palm tree (reddish pulp) or Elaeis guineensis. It is also known as dendê oil, from Portuguese. It is high in saturated fats, and it is one of the most produced vegetable oil in the world like soyabean oil.
    Together, Malaysia and Indonesia produce over 80% of world production of Crude Palm Oil( CPO), which are mostly intended for export. Crude Palm Oil futures are actively traded on the Bursa Malaysian Derivatives (BMD) and Mumbai Multi-Commodity Exchange or MCX for the product.
    Palm oil is reddish naturally because of high beta-carotene content. Sometimes it gets confused with the palm kernel oil or coconut oil which is derived from the kernel of the same fruit or kernel of the coconut palm respectively.
    So, the basic difference among the oil lies in the colour and their saturation level. The palm mesocarp oil is 41% saturated, while coconut oil and palm kernel oil are 86% and 81% saturated respectively.
    The consumption trend in India is considered not just by increasing overall consumption, but by shifting patterns of consumption as well. Almost the whole quantity of vegetable oil used in India during the early 1970s was groundnut oil (53% of consumption in 1972/73-1974/75), rapeseed oil (25%) and cottonseed oil (9%). Palm oil, sunflower oil and soya bean oil together accounted for less than 4% of the total vegetable oil consumption. But now, imported oils, mostly palm oil and soya bean oil, consumption is increased.
    Risk management techniques are crucial for crude palm oil (CPO) stakeholders such as importers, traders, refiners and stockists. Modern techniques and procedures, including market-based risk control financial instruments such as 'CPO Futures', offered on the MCX platform can improve performances and consolidate competitiveness through price risk management.
    Reasons for trading CPO:
    • India is one of the major importers of Crude Palm Oil in the world.
    • The palm oil imports in India are over 30 % of its annual edible oil requirement and more than 65% of annual edible oil imports, which makes India dependent on palm oil imports.
    • In 2004, Crude Palm Oil futures contract was begun on the MCX platform and had witnessed significant volatility since its launch.
    • Food processors can hedge ingredient prices for a product that will be bought at a later date.
    • Volatility in prices rising due to changing supply-demand scenario compels hedging to cover price risk.
    • CPO futures are fitting for price risk management needs of the processors, traders, physical participants and end-users.
    • Crude Palm Oil contract is highly liquid and provides easy entry and exit to a stockholder. Thus the Crude Palm Oil contract provides space for every investor category.
    Factors Influencing the Market:
    1. As Indonesia and Malaysia are the primary producer and exporter, adverse weather conditions can affect the prices. Fluctuations in Indonesia and Malaysia's currencies also influence palm prices.
    2. Indonesian and Malaysian government policies related to export tax have an impact on the prices.
    3. Since soya oil competes with palm oil in the global market, the amount of consumption and production of soya oil can influence the palm oil market prices.
    4. The palm oil market is sometimes influenced by Crude oil movement. If there is a significant rise in energy prices that will lead to a demand for alternative fuel such as Biofuel. As vegetable oil is used in the production of Biofuel it would impact the palm oil price.
    5. Domestic oilseed production
    6. Policies, particularly import duties and economic decisions.
    Before trading in CPO, it's better to know the Contract Specification of CPO - Crude Palm Oil:
    • Symbol CPO
    • The contract starts at 1st of a contract launch month and the last trading day falls on the last day of the calendar of the contract expiry month. If the contract launch date falls on a holiday, then the following day the contract starts. Whereas, if the contract expiry day falls on a holiday, the previous day the contracts expire.
    • Trading Period: Mondays through Friday
    • Trading Session: Monday to Friday: From 9.00 a.m. to 9.00 p.m
    • Trading Unit: 10 MT
    • Quotation/ Base Value: Rs./10 kg
    • Price Quote: Ex-Kandla, exclusives of sales tax/GST.
    • Maximum Order Size: 200 MT
    • Tick Size (Minimum Price Movement): 10 Paisa per kg
    • Daily Price Limits shall have two slabs. Initial and Enhanced slab. Once the initial slab limit of 3 % is reached, then after 15 minutes the slab can be increased by the enhanced slab of 1% only in the contract.
    • Extreme Loss Margin: 1%
    • For individual clients: 1,00,000 MT
    • Collectively for all clients: 10,00,000 MT or 15% of the market-wide open position, considerably whichever is higher for all CPO contracts combined.
    Why join the MCX CPO Frontpage Forum?
    • MCX CPO forum is all about discussions related to Crude Palm Oil rate, trading strategies, market information, and latest news related to MCX CPO.
    • You can find MCX CPO Live Charts shared by experts and other users.
    • You can also follow the 'Newsbot' account of FrontPage for finding the MCX CPO rate and all the latest share market news related to CPO and all other stocks.