EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 22 JUNE 2017

CPO trading range for the day is 479.7-485.7.Crude palm oil ended with flat node tracking weakness in overseas prices and on reports of higher imports of palm oil during the last two months.
As per SEA latest release, the imports of palm oil have been higher by 12 lakh tonnes to 72 lt in the calendar year 2017.There are good stocks in the country due to higher imports during last two month.
Crude palm oil prices in spot market dropped by 4.50 rupees and settled at 489.80 rupees.

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