Monday, 25 June 2018

EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 25 June 2018

CPO trading range for the day is 626.3-643.7.

Crude palm oil gained tracking firmness in spot demand and overseas prices amid lower production and ending stockpiles data from Malaysia.

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 gained by 4.00 rupees and settled at 640.00 rupees.

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