EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 28 FEBRUARY 2018

CPO trading range for the day is 588.5-595.9.Crude palm oil prices gained on uptick in demand from consuming industries at the spot market. Crude palm oil (CPO) output and exports from Indonesia, the world's top producer, likely post a small increase in January. Output in January was forecast to rise to 3.59 million tonnes, up slightly from 3.52 million tonnes in December.Crude palm oil prices in spot market gained by 1.20 rupees and settled at 587.30 rupees.

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