EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 05 MAY 2017

CPO trading range for the day is 486.5-494.3. Crude palm oil ended with gains tracking gains in overseas prices and bargain buying seen from the lower levels. Indonesia's crude palm oil output likely rose in March after falling for the previous three months, as better weather improved output. The area under palm plantations is likely to increase significantly in the coming years, with the government's relaxation in norms for subsidy. Crude palm oil prices in spot market gained by 0.80 rupees and settled at 506.60 rupees.

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