Tuesday, 20 June 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 20 JUNE 2017

CPO trading range for the day is 488.4-494.2. Crude palm oil ended with small gains on short covering after prices dropped on weak demand and easing supply worries.Malaysia palm oil exports during June 1-15 slumped 18% compared to same period a month ago on subdued demand from EU and Middle East. India’s Crude palm oil imports climbed by 25.68% in May to 492,440 tons compared to 391,796 tons imported during May 2015.Crude palm oil prices in spot market gained by 2.90 rupees and settled at 498.60 rupees.



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