Thursday, 30 November 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 30 NOVEMBER 2017

CPO trading range for the day is 587.2-592.6.Crude palm oil ended with losses tracking weakness in spot demand and overseas prices.According to Indonesia trade ministry, Indonesia keeps November crude palm oil export duty to zero, unchanged from last month.Production in Malaysia, the world's second largest producer after Indonesia, last rose 12.9 % by the end of October, according to industry regulator data.Crude palm oil prices in spot market dropped by 3.40 rupees and settled at 589.10 rupees.

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