EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 02 JUNE 2017

CPO trading range for the day is 492.1-501.5.Crude palm oil ended with losses on profit booking after prices gained due to anticipation of good demand from the stockists.Crude palm oil base import price ups to $739/tonne against $711/tonne while RBD palm oil base import price to $752/tonne against $721/tonne.Malaysian Palm Oil Board of data showed that domestic stocks of the vegetable oil rose by less than expected last month.Crude palm oil prices in spot market dropped by 0.40 rupees and settled at 510.60 rupees.

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