Friday, 23 February 2018

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 23 FEBRUARY 2018

CPO trading range for the day is 578.2-584.4.Crude palm oil prices seen supported amid rise in demand in the domestic market from the stockists.Prices also seen supported on expectation that increasing Malaysian palm oil exports during Jan and Feb month may lead to lower ending stockpiles.Malaysia exported 608,447 tonnes of palm oil products from Feb. 1 to 15, up 10.1 percent from 552,635 tonnes during Jan. 1 to 15.Crude palm oil prices in spot market gained by 0.50 rupees and settled at 576.50 rupees.

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