Wednesday, 11 January 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 11 JANUARY 2017

CPO trading range for the day is 577.6-589.4. Crude palm oil prices ended with losses on profit booking after prices gained on supply worries from Malaysia. Malaysia's Jan. 1-10 palm oil exports +8.1% month on month to 351,907 tons said Intertek. The MPOB monthly data for December has reconfirm the supply tightness for Palm oil. Crude palm oil prices in spot market gained by 0.80 rupees and settled at 594.60 rupees.

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