Wednesday 24 May 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 24 MAY 2017

CPO trading range for the day is 520.6-528.2. Crude palm oil prices ended with losses amid fall in demand at the spot market. Palm oil import rose 2.25 per cent to 7,52,632 tonnes in April on higher shipment of crude palm oil. CPO production in Indonesia, likely fell to 2.90 million tonnes from 3.08 million tonnes in March. Crude palm oil prices in spot market dropped by 3.60 rupees and settled at 526.70 rupees.

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