Tuesday, 18 October 2016

EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 18 Oct 2016

CPO trading range for the day is 529.8-546.6.
Crude palm oil prices ended with gains on improved demand and on supply worries from Indonesia and Malaysia.
Malaysia palm oil exports during Oct 1-10 jumped 11% compared to a month earlier on improved demand from European Union and Middle East.
Malaysia palm oil exports jumped to 421,044 tons during Oct 1-10 compared to 380,115 tons for the same period a month ago, Dow Jones reported.
Crude palm oil prices in spot market gained by 9.30 rupees and settled at 563.70 rupees.


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