Monday, 5 February 2018

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 05 FEBRUARY 2018

CPO trading range for the day is 566.6-572.8.Crude palm oil ended with losses due to losses in related edible oils and higher stocks in the country.EU 2017/18 palm oil imports 3.6 million tonnes by Jan. 30 vs year-earlier 3.5 million tonnes - official data.Palm oil output is expected to decline in the first quarter of the year, in line with seasonal trend, reducing market supply.Crude palm oil prices in spot market gained by 9.00 rupees and settled at 569.80 rupees.

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