Friday 21 September 2018

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 21 September 2018

CPO trading range for the day is 583.9-590.9.

Crude palm oil dropped due to higher stock levels and expectation of cheaper imports from Malaysia due to zero duty.

Prices also remained under pressure tracking weakness in overseas prices on concerns of rising stocks, stronger ringgit and weaker related edible oils.

The base import price of crude palm oil was increase for the second half of September, after cut for 6 successive time to $572 per tn from $567per tn.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > 911 133 9000

No comments: