Thursday, 28 March 2019

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 28 March 2019



CPO trading range for the day is 520.7-532.5.

Crude palm oil gained on short covering after prices dropped on expectations of higher output in March.

Gains in production would add to current stockpiles, which unexpectedly rose 1.3 percent to 3.05 million tonnes last month.

Stockpile concerns were further fanned after the European Union announced plans to phase out use of palm oil in renewable transport fuel by 2030.


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