Wednesday, 28 June 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 28 JUNE 2017

CPO trading range for the day is 479-495.8. Crude palm oil gains driven by a firm demand at the spot market. Besides, a firming trend in overseas markets also added support to crude palm oil prices uptrend. Exports of palm oil from Malaysia during April climbed to 1.50 million tons compared to 1.28 million tons.The imports of palm oil have been higher by 12 lakh tonnes to 72 lt in 2017 compared to last year’s 60 lt during the first 5 months.Crude palm oil prices in spot market gained by 1.20 rupees and settled at 487.50 rupees.



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