EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 06 NOVEMBER 2017

CPO trading range for the day is 545.9-561.5.Crude palm oil dropped as local demand softened and overseas prices on expected higher output. 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. Indonesia's 2017 palm oil production is estimated to reach 36.5 million tonnes, an increase of 4 million tonnes compared with 2016. Crude palm oil prices in spot market dropped by 2.00 rupees and settled at 544.70 rupees.

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