Friday 3 August 2018

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 3 August 2018

CPO trading range for the day is 581.6-602.

Crude palm oil dropped tracking weakness in spot demand due to cut in tariff value for the palm oil imports.

Reports of higher stocks with importers also kept the prices under pressure.

Sellers were active as they fear further decline because demand continued to be lukewarm in the spot market, though festive season has started.

Crude palm oil prices in spot market dropped by 0.50 rupees and settled at 595.60 rupees.

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