Wednesday, 12 July 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 12 JULY 2017

CPO trading range for the day is 482.9-495.1. Crude palm oil prices dropped on profit booking tracking weakness in spot demand and overseas prices.However, reports of import duty hike and expectation of good demand from the stockists limited the downside.As per SEA, palm oil import raised 21.6% y-o-y to 7.99 lt in May on higher shipment of crude palm oil.Crude palm oil prices in spot market dropped by 0.40 rupees and settled at 494.00 rupees.

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