Friday 22 September 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 22 SEPTEMBER 2017

CPO trading range for the day is 535.7-544.9. Crude palm oil ended with losses tracking weakness in spot demand amid profit booking after prices gained in last some sessions. Malaysia palm oil exports during Sep 1-20 climbed 25.4% compared to same period a month on strong demand from China, India & Subcontinents and Middle East. However, India's palm oil exports during Sep 1-20 dropped by 32.74% to 77,500 tons compared to 115,240 tons in the same period a year ago. Crude palm oil prices in spot market dropped by 0.30 rupees and settled at 543.00 rupees.

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