Friday, 12 May 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 12 MAY 2017

CPO trading range for the day is 492.7-509.7. Crude palm oil prices ended with gains as there is expectation of good demand in the physical market. Malaysia palm oil exports during May 1-10 jumped 13% as compared to same period a month ago on robust demand from European Union and India. Malaysia palm oil exports jumped to 346,920 tons during May 1-10 compared to 307,249 tons for the same period a month ago. Crude palm oil prices in spot market gained by 3.50 rupees and settled at 513.70 rupees.

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