EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 23 MAY 2017

CPO trading range for the day is 520.5-528.1.Crude palm oil prices gained on strong demand ahead of festive season despite of higher stockpiles.Palm oil prices will also be up tracking global cues amid robust Malaysian palm oil export data.Indonesia's crude palm oil (CPO) output likely fell in April, while both exports and domestic consumption likely roseCrude palm oil prices in spot market gained by 7.50 rupees and settled at 530.30 rupees.

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