Monday, 10 October 2016

EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 10 Oct 2016



CPO trading range for the day is 502.4-526.6.
Crude palm oil prices ended with losses due to profit booking on subdued demand despite of supply worries.
Malaysia palm oil exports during Sep 1-30 dropped 15% compared to a month earlier on weak demand.
Indonesia's palm oil reserves slumped by 9.8% to 1.695 million tons compared to 1.888 million tons in July.
Crude palm oil prices in spot market dropped by 1.50 rupees and settled at 554.40 rupees.

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