Friday 15 February 2019

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 15 February 2019


CPO trading range for the day is 553.6-566.6.

* Crude palm oil gained on short covering after prices dropped as traders were bearish over data showing weaker-than-expected output declines.

* According to SEA monthly update, CPO imports were up by 13.1% at 6.70 lakh tonnes in December.

* According to USDA monthly report, India imports figures are unchanged at 10.5 mt, up 22% compared to past year imports.

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