EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 16 OCTOBER 2017

CPO trading range for the day is 531.1-544.7.Crude palm oil ended with gains amid strong demand in the spot market.Malaysia, will increase its crude palm oil export tax to 6.5 percent in November, up from 6.0 percent the previous month.Inventory levels at the end of September rose 4 percent from a month earlier to 2.02 million tonnes, data from MPOB.Crude palm oil prices in spot market gained by 0.20 rupees and settled at 541.00 rupees.

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