Wednesday, 10 May 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 10 MAY 2017

CPO trading range for the day is 493.1-503.1. Crude palm oil ended with gains on expectations of rebound in demand ahead of Ramadan. According to sources, April-end stocks are seen rising 6.2% on-month to 1.65 mt while Production is likely to gain 8.8% to 1.59 mt. Stocks of crude palm oil in Malaysia, the world's second-largest producer, rose to some 1.55m tonnes, data from the MPOB, showed. Crude palm oil prices in spot market gained by 0.90 rupees and settled at 510.00 rupees.

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