Friday, 29 June 2018

EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 29 June 2018

CPO trading range for the day is 637.5-645.7.

Crude palm oil ended with gains amid expectations of slowing output.

Exports of Malaysian palm oil products for June 1 – 25 fell 12.5 percent to 860,217 tonnes from 983,656 tonnes shipped during May 1 – 25.

EU 2017/18 palm oil imports stood at 5.93 million tonnes, almost unchanged from 5.95 million tonnes a year earlier.

Crude palm oil prices in spot market gained by 3.40 rupees and settled at 644.80 rupees.

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