Monday, 8 April 2019

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 8 April 2019



CPO trading range for the day is 536.7-555.3.

* Crude palm oil ended with gains tracking firmness in spot demand and overseas prices on prospects of reduced stockpiles because of higher exports.

* India's palm oil imports in 2018/19 is expected to jump about 10% on year to a record high.

* According to USDA monthly report in February, palm oil consumption for India is forecast at 10.6 mt, up 16.7% on year.


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