Thursday 10 August 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 10 AUGUST 2017

CPO trading range for the day is 482.5-492.7. Crude palm oil ended with losses on profit booking after prices gained earlier supported by pick-up in demand at the spot market. Malaysia palm oil exports during July 1-20 jumped 10.5% compared to same period a month ago. Imports of palm oil increase by 35% on year to 8.2 lakh tonnes compared to 6.1 lt last year. Crude palm oil prices in spot market dropped by 0.50 rupees and settled at 480.30 rupees.

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