EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 28 FEBRUARY 2017

CPO trading range for the day is 542-548.4. Crude palm oil dropped taking cues from Bursa Malaysia Derivative CPO prices amid lower export demand. Prices of the oil were down on subdued demand following weak Malaysian palm oil export data. Malaysia palm oil exports fell to 907,078 tons during Feb 1-25 compared to 924,282 tons for the same period a month ago. Crude palm oil prices in spot market dropped by 0.40 rupees and settled at 545.50 rupees.

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