EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 01 FEBRUARY 2018

CPO trading range for the day is 557.7-576.1. Crude palm oil prices dropped despite palm oil output is expected to decline in the first quarter of the year, in line with seasonal trend, reducing market supply. Exports of Malaysian palm oil products for January fell 9.3 percent to 1,289,518 tonnes from 1,422,070 tonnes shipped during December. Exports of Malaysian palm oil products for January fell 9.3 percent to 1,289,518 tonnes from 1,422,070 tonnes shipped during December, cargo surveyor ITS said.Crude palm oil prices in spot market gained by 2.80 rupees and settled at 561.60 rupees.



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