Wednesday 8 August 2018

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 8 August 2018

CPO trading range for the day is 589.9-597.1.

* Crude palm oil ended with gains tracking firmness in spot demand and overseas prices tracking strength in related edible oils.

* Exports of palm oil products from Indonesia, rose 7.5% in June from a year earlier according to Indonesia's palm oil association.

* 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.


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