Short Term Commodity Future: Buy CPO(Crude Palm Oil) JULY

• July 23, 2021
• By Dipankar Sardar
• 199 Views 262 comments

Palm oil is an edible vegetable oil derived from the mesocarp (reddish pulp) of the fruit of the oil palms.^[1] The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 33% of global oils produced from oil crops in 2014. The use of palm oil has attracted the concern of environmental groups due to deforestation in the tropics where palms are grown, and has been cited as a factor in social problems due to allegations of human rights violations among growers. An industry group formed in 2004 to create more sustainable and ethical , through the Roundtable on Sustainable Palm Oil. However, very little is certified through the organization, and some groups have criticized it as greenwashing. Humans used oil palms as far back as 5,000 years. In the late 1800s, archaeologists discovered a substance that they concluded was originally palm oil in a tomb at Abydos dating back to 3,000 BCE.^[4] It is believed that traders brought oil palm to Egypt. Palm oil from E. guineensis has long been recognized in West and Central African countries, and is widely used as a cooking oil. European merchants trading with West Africa occasionally purchased for use as a cooking oil in Europe.became a highly sought-after commodity by British traders for use as an industrial lubricant for machinery during Britain’s Industrial Revolution. formed the basis of soap products, such as Lever Brothers‘ (now Unilever) “Sunlight” soap, and the American Palmolive brand. By around 1870, palm oil constituted the primary export of some West African countries, although this was overtaken by cocoa in the 1880s with the introduction of colonial European cocoa plantations

Script Name –CPO(Crude Palm Oil)

Expire Date-JULY

Buy Price – 1125-1126

Profit Target-1147

Stop Loss-1114

Call Duration- Short Term

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