Thursday, 7 December 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 07 DECEMBER 2017

CPO trading range for the day is 569.4-582. Crude palm oil ended with losses weighed down by weak overseas prices and spot demand. The government reduced base import price of all edible oils, with the steepest plunge of $26 per tn in crude palm oil for first half of December. Production in Malaysia, rose 12.9 percent in October from a month earlier to hit the 2 million tonne mark.Crude palm oil prices in spot market dropped by 2.40 rupees and settled at 574.60 rupees.






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