Wednesday, 22 November 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 22 NOVEMBER 2017

CPO trading range for the day is 573.5-591.1. Crude palm oil gains as support continues as centre has raised the import duty on crude palm oil to 30% from 15%.Moreover, for the second half of Nov, base import price for crude palm oil and refined, bleached and deodorised palm oil were raised by $8 per tn each. Palm oil shipments from Malaysia for Nov. 1-20 fell 6.2% compared with the same period last month, according to data from cargo surveyor Intertek Testing Services. Crude palm oil prices in spot market dropped by 6.10 rupees and settled at 588.40 rupees.

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