EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 21 FEBRUARY 2018

CPO trading range for the day is 574.1-584.1. Crude palm oil ended with losses due to a weak trend at domestic spot market. Exports of Malaysian palm oil products for February 1 – 20 rose 8.8 percent to 791,992 tonnes from 727,958 tonnes shipped during January 1 – 20. Crude palm oil output in Malaysia, dropped by 13.49% compared to previous month while exports climbed by 6%.Crude palm oil prices in spot market gained by 4.50 rupees and settled at 575.70 rupees.

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