Thursday, 5 January 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 5 JANUARY 2017

CPO trading range for the day is 574.3-595.3. Crude palm oil prices ended with gains tracking firmness in spot demand and overseas prices on supply worries. Malaysian palm oil production totaled 15.8 million tons in the first 11 months of this year, down 15% from the same period in 2015. Output in Indonesia may drop 10% this year to 30.9 million tons, the first decline in 20 years, due to the impact of El-Nino. Crude palm oil prices in spot market gained by 1.30 rupees and settled at 595.40 rupees.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664

No comments:

 
biz.