Tuesday 16 January 2018

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 16 JANUARY 2018

CPO trading range for the day is 555.4-563.4.Crude palm oil prices ended with gains tracking firmness in spot demand and overseas prices amid short covering. Malaysia exported 552,635 tonnes of palm oil products from Jan. 1 to 15, down 7.4 percent from 596,862 tonnes during Dec. 1 to 15. As per SEA latest report, During Nov-Dec, import of refined palm oil fell to 254,286 tn from 486,502 tn in corresponding period last year.Crude palm oil prices in spot market gained by 0.90 rupees and settled at 551.30 rupees.



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