EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 27 NOVEMBER 2017

CPO trading range for the day is 583.6-594.2.Crude palm oil ended with gains tracking firmness in spot demand on higher import duty. Centre has raised the import duty on crude palm oil to 30% from 15% and on refined oil to 40% from 25%. The imports of palm oil rose by 10.06% to 92.93 lakh tonnes (LT) in 2016-17 marketing year that ended in October.Crude palm oil prices in spot market gained by 0.50 rupees and settled at 593.70 rupees.

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