EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 02 NOVEMBER 2017

CPO trading range for the day is 532.6-561.Crude palm oil gained tracking firmness in spot demand and in Malaysian palm oil.Palm oil production in Malaysia, is expected to increase 15.5 percent this year and will grow by 2.5 percent in 2018, the government said.According to SEA release, during Nov-Sep period, crude palm oil import is 57.34 lakh tonnes, up 9.5%.Crude palm oil prices in spot market dropped by 1.90 rupees and settled at 542.10 rupees.

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