Wednesday, 17 May 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 17 MAY 2017

CPO trading range for the day is 500.6-516.4.Crude palm oil gained after Malaysia unveiled lower-than-expected estimates for its stocks of the vegetable oilMalaysian Palm Oil Board of data showed that domestic stocks of the vegetable oil rose by less than expected last month.The weakness in Malaysian stocks reflected a disappointing production number, of 1.59m tonnes, some 45,000 tonnes below market expectations.Crude palm oil prices in spot market gained by 3.70 rupees and settled at 518.30 rupees.

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