Friday, 22 June 2018

EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 22 June 2018

CPO trading range for the day is 626-634.2.

Crude palm oil dropped tracking weakness in spot demand and overseas prices as weak sentiment persisted due to concerns about a trade war.

Weaker export demand, expectation of improvement in production in coming months and a fall in prices is weighing on prices.

Malaysia's exports between June 1 and 15 stood at 500,197 tonnes, down 7 % from the same period a month earlier.

Crude palm oil prices in spot market dropped by 0.10 rupees and settled at 636.90 rupees. -


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