Monday, 7 November 2016

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 07 Nov 2016

CPO trading range for the day is 509.3-522.7. Crude plam oil prices ended with losses on weak demand in export market. Malaysia palm oil exports during Oct 1-31 dropped 5.1% compared to a month earlier on subdued demand. India's palm oil imports from Malaysia during Oct 1-31 slipped 28.69% to 189,724 tons compared to 266,080 tons during Sep 1-30. Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 519.70 rupees.
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