Tuesday 7 August 2018

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 7 August 2018

CPO trading range for the day is 586.7-595.9.

* Crude palm oil ended with losses due to due to weaker demand outlook in domestic market and overseas prices.

* Malaysian palm oil prices are set to average 2,410 ringgit ($591) a tonne in 2018, the MPOC forecast, down about 14 percent from last year's average prices.

* Exports of Malaysian palm oil products for July 1 to 25 rose 5 percent to 902,979 tonnes from 860,217 tonnes shipped between June 1-25.


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