Tuesday, 6 February 2018

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 06 FEBRUARY 2018

CPO trading range for the day is 565.3-576.7. Crude palm oil prices gained as support seen as palm oil output, is expected to decline in the first quarter of the year and reducing market supply. Malaysia's palm oil shipments in January fell 8-9 percent from a month earlier, according to data from two cargo surveyors. Palm oil imports into India, could rise 1.9 percent to 9.55 million tonnes during the current marketing year. Crude palm oil prices in spot market dropped by 0.20 rupees and settled at 569.00 rupees.

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