Thursday, 9 August 2018

EPIC RESEARCH MCX Crude palm oil UPDATE OF 9 August 2018

CPO trading range for the day is 589.2-599.8.

* Crude palm oil prices traded in range amid higher domestic stocks and steady domestic demand from the stockists.

* The MPOC forecast palm oil output in Malaysia, at 20.3 million tonnes in 2018, above last year's 19.92 million tonnes due to better yields.

* Malaysia's palm oil stocks are expected to have risen to their highest in five months at end-July, a second straight gain as output growth outpaced exports. Crude palm oil prices in spot market gained by 1.10 rupees and settled at 591.40 rupees.

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