Wednesday, 7 June 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 07 JUNE 2017

CPO trading range for the day is 488.1-499.3.Crude palm oil prices gains tracking firmness in spot demand and overseas prices amid lower stockpiles from Indonesia.Indonesian palm oil stockpiles during April fell to 888,000 tons in April from 1.4 million tons in the same period a month ago.Palm oil import rose 2.25 per cent to 7,52,632 tonnes in April on higher shipment of crude palm oil.Crude palm oil prices in spot market dropped by 1.70 rupees and settled at 507.30 rupees.

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