Monday, 7 August 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 07 AUGUST 2017

CPO trading range for the day is 472.4-487.2.Crude palm oil ended with gains tracking firmness in spot demand on short covering after prices dropped due to forecasts for rising output. Imports of palm oil increase by 35% on Year to 8.2 lakh tonnes compared to 6.1 lt last year.USDA’s Jakarta arm has estimated Indonesian palm oil production in 2017-18 (Oct-Sep) at 36.5 mln tn, higher than 34 mln tn last year. Crude palm oil prices in spot market gained by 0.10 rupees and settled at 481.70 rupees.

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