Thursday, 18 May 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 18 MAY 2017

CPO trading range for the day is 508.5-517.9.Crude palm oil ended with gains amid good physical demand and increasing tariff value.Palm oil import rose 2.25 per cent to 7,52,632 tonnes in April on higher shipment of crude palm oil (CPO), SEA said.Malaysian Palm Oil Board of data showed that domestic stocks of the vegetable oil rose by less than expected last month.Crude palm oil prices in spot market gained by 3.70 rupees and settled at 518.30 rupees.



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