EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 16 MAY 2017

CPO trading range for the day is 500.1-510.9.Crude palm oil prices ended with gains tracking firmness in spot demand and overseas prices.Malaysia palm oil exports during May 1-10 jumped 13% as compared to same period a month ago on robust demand.Stocks of crude palm oil in Malaysia rose to some 1.55m tonnes, data from the Malaysian Palm Oil Board (MPOB), showed.Crude palm oil prices in spot market gained by 1.50 rupees and settled at 514.60 rupees.

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