EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 15 MAY 2017

CPO trading range for the day is 496.3-506.5.Crude palm oil prices dropped tracking weakness in spot demand on profit booking after prices gained amid robust Malaysian palm oil export data. India's palm oil imports from Malaysia during May 1-10 climbed 76.19% to 55,500 tons as compared to 31,500 tons imported during Apr 1-10. 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.Crude palm oil prices in spot market dropped by 2.00 rupees and settled at 511.70 rupees.

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