Tuesday, 10 January 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 10 JANUARY 2017

CPO trading range for the day is 581.8-588. Crude palm oil prices ended with gains tracking firmness in spot demand amid supply worries. Prices also seen supported on concerns over flooding due to heavy rain in the east cost of Peninsular Malaysia. Malaysia palm oil exports slipped by 5.7% to 1.08 million tons during Dec 1-31 compared to 1.15 millions tons for the same period. Crude palm oil prices in spot market gained by 0.50 rupees and settled at 593.80 rupees.

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