Tuesday, 17 October 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 17 OCTOBER 2017

CPO trading range for the day is 533.7-543.9.Crude palm oil dropped on profit booking after prices seen supported on strong demand in global market and supply worries from Malaysia.Reported a 16.5% rise in exports at 462,082 tons.Exports of Malaysian palm oil products for October 1 – 15 rose 10.3 percent to 690,074 tonnes from 625,655 tonnes shipped during September 1 – 15.Crude palm oil prices in spot market dropped by 2.30 rupees and settled at 538.70 rupees.

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