Friday, 12 January 2018

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 12 JANUARY 2018

CPO trading range for the day is 557.4-562.8.Crude palm oil dropped on profit booking after prices gained due to reports of good demand from the stockists.Crude palm oil output in Malaysia, the world's second biggest CPO producer, dropped by 6% compared to previous month, data released by MPOB. Palm oil output in December month fell to 1.83 million tons compared to 1.94 million tons in November. Crude palm oil prices in spot market dropped by 2.60 rupees and settled at 554.70 rupees.

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