Tuesday, 18 July 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 18 JULY 2017

CPO trading range for the day is 479.6-491.6. Crude palm Oil settled up tracking firmness in spot demand despite of higher stockpiles in domestic market and prospects of robust output from Indonesia. Further, subdued demand following weak Malaysian palm oil export data will also keep prices down. Malaysia palm oil exports during July 1-10 dropped 2% compared to same period a month ago data showed. Crude palm oil prices in spot market dropped by 1.70 rupees and settled at 489.30 rupees.

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