Monday, 31 July 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 31 JULY 2017

CPO trading range for the day is 485.1-491.1. Crude palm oil ended with losses tracking weakness in spot demand amid good supplies of edible oil in the country. According to SEA of India, palm oil imports have risen in India by 2.6% m/m to 820.1 thousand tonnes. Malaysian Palm Oil Association estimates July 1-20 crude palm oil production to be up by 5.7% m/m. Crude palm oil prices in spot market dropped by 2.10 rupees and settled at 486.50 rupees.



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