Tuesday, 3 January 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 3 JANUARY 2017

CPO trading range for the day is 562.5-587.9. Crude palm oil prices ended with gains supported on the back of pickup in demand at the spot market. However the stocks in the domestic market are sufficient and the demand from the stockists has improved. Indonesia would set its CPO export tax at US$3 per tonne in January, after keeping the tax at zero for two months. Crude palm oil prices in spot market gained by 5.30 rupees and settled at 589.10 rupees.

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