Friday, 14 July 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 14 JULY 2017

CPO trading range for the day is 471.9-491.9. Crude palm oil ended with losses on expectations of rising production for the month of July. Prices remained under pressure on forecasts that July production levels will be higher on-month from 1.51 million tonnes reached in June. 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 (CPO). Crude palm oil prices in spot market dropped by 4.10 rupees and settled at 491.00 rupees.

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