Wednesday 13 September 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 13 SEPTEMBER 2017

CPO trading range for the day is 531.6-546.6.Crude palm oil gains driven by a fall in production and higher exports that kept inventory numbers lower than expected.The Malaysian Palm Oil Board (MPOB) said Malaysian palm oil stocks at end-August rose 8.8 percent to 1.94 million tonnes from the previous month.Exports of Malaysian palm oil products for Sept. 1-10 rose 6.9 percent to 379,652 tonnes from 355,009 tonnes shipped during Aug. 1-10.Crude palm oil prices in spot market gained by 3.30 rupees and settled at 540.20 rupees.

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