Tuesday 28 June 2016

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 28 JUNE 2016

CPO trading range for the day is 504.7-512.9. Crude palm oil prices ended with gains on short covering after prices dropped on subdued export demand and on higher supply. Malaysia palm oil exports during June 1-20 slipped 8.7% compared to a month earlier on subdued demand from India and Subcontinents, data showed. Malaysia palm oil exports dropped to 717,407 tons during June 1-20 compared to 785,757 tons for the same period a month ago. Crude palm oil prices in spot market gained by 0.90 rupees and settled at 507.90 rupees.
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