Tuesday, 12 December 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 12 DECEMBER 2017

CPO trading range for the day is 555.6-566.6. Crude palm Oil settled flat tracking global cues amid lack of fresh trigger and easing supply worries, weak demand. USDA's Jakarta bureau hiked palm oil output in Indonesia at a record 38.5 million tons for Oct-Sep (2017-18) crop year. India's palm oil import from Malaysia during Nov 1-30 slipped 43.50% to 177,510 tons compared to 258,770 tons in the same period a month ago.Crude palm oil prices in spot market dropped by 1.10 rupees and settled at 566.50 rupees.

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