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MCX:CPO

747
+5.6 (0.76%)
Updated 11:37 13/08 IST

MCX:CPO Buy or Sell - FrontPage Forums

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MCX:CPO Buy or Sell - Brokerage Reports

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MCX:CPO Share Price Discussion


BUY CPO AUG ABV 746
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BTST: BUY CPO JUL ABV 676
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BTST: BUY CPO ABV 670.50
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Billion Club @100billionclub
Jul 8 10:02 AM

*2ND TGT ACHIEVED IN CPO AT 676.50, BOOK PROFIT RS 6000 PER LOT*

BTST: BUY CPO JUL ABV 656.50
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*BTST: 1ST TGT ACHIEVED IN CPO AT 662, PROFIT RS 5500 PER LOT*
Manish Katighar in MCX-CPO
Sell CPO at 620 #CPO

615.60 low.. 4.4 point. 4400rs per lot
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Sell CPO at 620 #CPO
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CARRIED: SELL CPO MAY BELOW 602.50
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CARRIED - BUY CPO APR ABV 626 SL BELOW 612 TGT 642-650.
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AGRI COMMODITY MARKET UPDATE* -
* Mentha oil gained on short covering after prices dropped amid due to low demand and expectation of a rise in acreage this season
* Cotton dropped tracking weakness in overseas prices as large export cancellations and coronavirus-driven demand...
Read more...
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*CARRIED: 2ND TGT ACHIEVED IN CPO APR AT 644, BOOK PROFIT RS 23500*
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*CARRIED: 1ST TGT ACHIEVED IN CPO APR AT 652, PROFIT RS 15500*
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POSITIONAL: BUY CPO APR ABV 648 SL BELOW 633 TGT 668-680.
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*BREAKING NEWS*
*India raises import tax on crude palm oil to 44%*
India has raised import tax on crude palm oil to 44 per cent from 37.5 per cent, a government notification said on Saturday, as the world's biggest palm oil importer tries to boost local oilseed production. The hi...
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*BREAKING: According to Malaysia Palm Oil Board (MPOB), Malaysia hiked Feb crude palm oil export tax to 6.0 percent.*
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Malaysia concerned by India palm oil import curbs: Mahathir Mohamad
Mahathir said Malaysia may now need to find another solution after the boycott of its palm oil by Indian palm oil refiners and traders.India, the world's largest importer of vegetable oils, buys nearly 15 million tonnes annually
Livemint
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Buy cpo jan cmp target 846 sl 826
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*Central Government imposes restrictions on import of refined palm oil*
Following repeated demands from solvent processors to protect the interests of domestic refiners, the Centre on Wednesday placed restrictions on the imports of refined palm oils. A notification by the Directo...
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Viju Bajaj @vijubajaj
Jan 9 10:26 AM

CPO buy or sell

Paid service available sir
India asks importers to buy palm oil from Indonesia, not Malaysia: Report
On Monday, the commerce ministry held a detailed meeting with edible oil industry stakeholders and asked them informally to avoid purchase of Malaysian palm oil, a government source said
business-standard
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Billion Club in MCX-CPO
BUY CPO JAN ABV 809.50 SL BELOW 806 TGT 813.50-...

1ST TGT ACHIEVED IN CPO JAN AT 813.50, PROFIT RS 4000. MCX
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BUY CPO JAN ABV 809.50 SL BELOW 806 TGT 813.50-816.00. CMP: 809.50. MCX
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  • MCX:CPO PRICE - 31AUG2020

    keyboard_arrow_down
    DateAug 13
    Open750
    High750
    Low746.2
    Previous Close747
    Volume678
  • MCX:CPO PRICE - 30SEP2020

    keyboard_arrow_down
    DateAug 13
    Open740
    High741
    Low737.1
    Previous Close737.9
    Volume209
  • MCX:CPO PRICE - 30OCT2020

    keyboard_arrow_down
    DateAug 13
    Open736.5
    High736.5
    Low732.5
    Previous Close733
    Volume46
  • MCX:CPO PRICE - 31AUG2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 12723.4743.4719.4737
    Aug 11743744.4727.1728.5
    Aug 10737744.6733734.5
    Aug 7749.7752.8744748
    Aug 6741749739748.9
  • MCX:CPO PRICE - 30SEP2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 12712734.8710728
    Aug 11737737717718.7
    Aug 10735.5739.4726.9729.4
    Aug 7747.7747.7739743.1
    Aug 6734742.6734742
  • MCX:CPO PRICE - 30OCT2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 12711.4728710.6724.1
    Aug 11731731710.4710.4
    Aug 10732.5732.5724.9724.9
    Aug 7734.5739.8734.5739.6
    Aug 6731.1736.4730.6736.4
  • MCX:CPO PRICE - 27NOV2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 11735735735735
    Aug 10735735735735
    Aug 7730730730730
    Aug 6724724724724
    Aug 5724724724724
  • MCX:CPO PRICE - 31DEC2020 Historical

    keyboard_arrow_down
    DateOpenHighLowClose
    Aug 11730730730730
    Aug 10730730730730
    Aug 7724724724724
    Aug 6718718718718
    Aug 5718718718718
  • MCX:CPO - Recent News

    keyboard_arrow_down
    NewsBot
    Sep 30, 2019 6:29 AM
    MCX Crude Palm Oil likely to move in a range of 545.1-550.3
    commodityonline
    NewsBot
    Sep 30, 2019 6:22 AM
    Commodity Outlook: How gold, oil, base metals and agri commodities may trade today
    The Economic Times
    NewsBot
    Jul 26, 2019 7:48 AM
    MCX Crude Palm Oil under long liquidation
    Commodity Online
  • MCX:CPO - Related Communities

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  • MCX:CPO - More Information

    keyboard_arrow_down

    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 MCX 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 discuss MCX CPO live rate today on 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 (Moneycontrol, Economictimes, Business Standard, Livemint) related to CPO and all other stocks.
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