EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 12 FEBRUARY 2018

CPO trading range for the day is 568.1-578.3. Crude palm oil ended with gains despite of higher stock pile in the domestic market coupled with weakness in overseas prices. Data released by Solvent Extractors' Association of India pegged palm oil imports at 608,762 tn in the corresponding period last year. As per SEA latest report, During Nov-Dec, import of refined palm oil fell to 254,286 tn from 486,502 tn in corresponding period last year. Crude palm oil prices in spot market gained by 1.80 rupees and settled at 570.00 rupees.

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