Thursday, 27 April 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 27 April 2017

CPO trading range for the day is 515.5-519.9.Crude palm oil gained tracking firmness in spot demand and overseas prices supported by stronger demand ahead of Ramadan.Palm oil exports between April 1-20 had come in weaker than expected, with traders forecasting stronger gains on the month ahead of Ramadan.India's palm oil imports from Malaysia during Apr 1-25 fell by 24.23% to 155,400 tons as compared to 205,100 tons imported during Mar 1-25.Crude palm oil prices in spot market gained by 0.70 rupees and settled at 517.90 rupees.

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