EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 08 AUGUST 2017
CPO trading range for the day is 474.2-492.Crude palm oil ended with gains tracking firmness in spot demand amid hope of higher import duty. India's Crude palm oil imports climbed by 37.73% in June to 572,388 tons compared to 415,580 tons imported during June 2016. According to data by the Solvent Extractors' Association of India, India's monthly requirement of the commodity is about 17.5 lt, sufficient for about 30 days. Crude palm oil prices in spot market gained by 0.10 rupees and settled at 481.70 rupees.