Tuesday, 4 July 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 04 JULY 2017

CPO trading range for the day is 480.2-489. Crude palm oil ended with gains tracking firmness in spot demand due to reports of import duty hike. Due to lower prices this season, the imports of palm oil have been higher by 12 lt to 72 lt in 2017 compared to last year’s 60 lt during the first 5 months.Production in Malaysia, rose to 1.65 mt in May, up 6.9% from the previous month, according to the latest data MPOB. Crude palm oil prices in spot market gained by 4.10 rupees and settled at 496.00 rupees.

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