Wednesday, 31 May 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 31 MAY 2017

CPO trading range for the day is 489.7-497.7.Crude palm oil prices ended with losses due to lower demand as a supply crunch eased.Palm oil demand from China, is set to drop in coming months as supplies of alternative edible oils flood local markets.World palm oil output is forecast to climb 11% to 65 million tonnes this year from 58.3 mln tonnes a year ago.Crude palm oil prices in spot market dropped by 3.70 rupees and settled at 511.70 rupees.

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