Thursday, 13 October 2016

EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 13 Oct 2016

CPO trading range for the day is 509.7-525.7.
Crude palm oil dropped amid weak Malaysian palm oil export data from Sep 1-30 period.
Malaysia palm oil exports slipped to 1.37 million tons during Sep 1-30 compared to 1.32 million tons for the same period a month ago.
Palm oil exports from Indonesia, probably jumped the most in almost two years in August after China stepped up imports to meet rising demand.
Crude palm oil prices in spot market dropped by 5.00 rupees and settled at 549.40 rupees.
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