EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 09 AUGUST 2017

CPO trading range for the day is 482.2-492.4.Crude palm oil ended with gains on hope that government may hike import duty on edible oil in near-term.Imports of palm oil increase by 35% on Year to 8.2 lakh tonnes compared to 6.1 lt last year.Palm oil production shows seasonal gains in the second half of the year. Crude palm oil prices in spot market dropped by 0.20 rupees and settled at 481.50 rupees.

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