EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 22 FEBRUARY 2018

CPO trading range for the day is 575.1-584.3.Crude palm oil gains tracking firmness in spot demand and overseas prices.Data from Southern Palm Oil Millers Association showing a 22.6 percent fall in production for the Feb. 1-20 period, was likely to lend support.Crude palm oil output in Malaysia, dropped by 13.49% compared to previous month while exports climbed by 6%, data released by MPOB showed.Crude palm oil prices in spot market gained by 0.50 rupees and settled at 576.50 rupees.


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