Friday, 30 June 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 30 JUNE 2017

CPO trading range for the day is 487.1-492.3.Crude palm oil gained on short covering after prices dropped amid higher import of palm oil in the country during the last two months is pressurizing prices.As per SEA latest release, the imports of palm oil have been higher by 12 lt to 72 lt in 2017 compared to last year’s 60 lt during the first 5 months.Production in Malaysia, is seen rising in the second half of the year in line with seasonal trend.Crude palm oil prices in spot market gained by 0.50 rupees and settled at 490.50 rupees.

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