EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 12 JANUARY 2017

CPO trading range for the day is 581.3-594.3. Crude palm oil prices ended with gains tracking firmness in spot demand and overseas prices on supply worries from Malaysia. Prices also seen supported on production concerns and expectation of good export demand. As per latest update by MPOB data Production in December fell 6.7% to 1.47 million tons. Crude palm oil prices in spot market gained by 6.40 rupees and settled at 601.00 rupees.

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