Tuesday, 6 June 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 06 JUNE 2017

CPO trading range for the day is 486-499.6. Crude palm oil ended with losses tracking weakness in spot demand despite of lower stockpiles from Indonesia. Crude palm oil imports climbed by 28.23% in April to 511,139 tons as compared to 398,606 tons imported during April 2015. Malaysian Palm Oil Board of data showed that domestic stocks of the vegetable oil rose by less than expected last month. Crude palm oil prices in spot market dropped by 0.70 rupees and settled at 509.00 rupees.

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