Thursday, 15 June 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 15 JUNE 2017

CPO trading range for the day is 484.1-495.1. Crude palm oil ended with losses tracking weakness in spot demand and overseas prices on higher output in Malaysia. Palm oil output in Malaysia, the world's second biggest palm oil producer, jumped by 7% during month of May. Palm oil output during May rose to 1.65 million tons compared to 1.58 million tons in April. Crude palm oil prices in spot market dropped by 2.30 rupees and settled at 496.80 rupees.



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