EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 08 Nov 2016

CPO trading range for the day is 513.8-521.2. Crude palm oil prices gained on supply concerns from top producers. The data showed that Malaysian palm oil production is expected to drop by between 5-8% this year due to the prolonged El Nino drought. Malaysian palm oil production is expected to drop by between five per cent and eight per cent this year due to the prolonged El Nino drought. Crude palm oil prices in spot market dropped by 0.50 rupees and settled at 519.20 rupees.
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