Thursday, 27 October 2016

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 27 Oct 2016

CPO trading range for the day is 534.9-540.3.
Crude palm oil gained tracking firmness in spot demand and overseas prices on supply concerns from top producers.
The Malaysian Palm oil Association corrected the production data from a 11% decline announced to 3.9% increase.
The amendment to the Malaysia Palm Oil Association output data, from 11% decline to 3.9% increase, has significantly impacted the market.
Crude palm oil prices in spot market gained by 0.80 rupees and settled at 539.20 rupees.
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