Friday 29 September 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 29 SEPTEMBER 2017

CPO trading range for the day is 533-541.2. Crude palm oil prices ended with losses tracking weakness in spot demand and overseas prices. According to Indonesia trade ministry, Indonesia keeps October crude palm oil export duty to zero, unchanged from last month. Malaysia palm oil exports jumped to 1.08 million tons during Sep 1-25 compared to 934,544 tons for the same period a month ago. Crude palm oil prices in spot market dropped by 2.50 rupees and settled at 547.90 rupees.

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