EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 09 JUNE 2017

CPO trading range for the day is 486.1-493.5.Crude palm oil prices settled flat on forecasts for rising output and falling export demand. Palm oil output in Malaysia, is seen gaining in the second half of this year as it recovers from the crop-damaging effects of El Nino. As per SEA, palm oil import rose 2.25% y-o-y to 7,52,632 tonnes in April on higher shipment of crude palm oil. Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 503.50 rupees.



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