Tuesday, 27 June 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 27 JUNE 2017

CPO trading range for the day is 480.8-486.2. Crude palm oil gains on short covering after prices dropped amid higher imports of palm oil in the country during the last two months. Malaysia palm oil exports during June 1-10 jumped 6% as compared to same period a month ago on robust demand. Malaysia palm oil exports jumped to 366,994 tons during June 1-10 compared to 346,920 tons for the same period a month ago. Crude palm oil prices in spot market gained by 0.20 rupees and settled at 486.30 rupees.

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