EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 28 NOVEMBER 2017

CPO trading range for the day is 584.3-592.3.Crude palm oil ended with losses tracking weakness in spot demand amid easing supply worries. However there is expectation that increased import duty will support strong physical buying in domestic market. Data showed total stocks of palm oil both at port and pipeline as on Nov 1 stood at 330,000 tons compared to 300,000 tons in the same period.Crude palm oil prices in spot market dropped by 2.40 rupees and settled at 591.30 rupees.

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