Thursday, 4 October 2018

EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 04 October 2018

CPO trading range for the day is 581.6-592.6.

* Crude palm oil ended with gains on short covering tracking firmness in spot demand after prices dropped amid good stocks due to higher imports.

* Indonesian palm oil production is expected to hit 40 million tonnes in 2018, up from an earlier forecast of 38.5 million tonnes.

* Due to the seasonal rise in palm oil production at the end of the year, palm stocks for the last quarter of 2018 "look heavy”.


Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > 7316642316

No comments: