Wednesday 22 June 2016

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 22 JUNE 2016

CPO trading range for the day is 501.9-515.7. Crude palm oil prices ended with losses on subdued demand following weak Malaysian palm oil data. Malaysia palm oil exports during June 1-20 slipped 8.7% compared to a month earlier on subdued demand from India and Subcontinents, data showed. Palm oil imports fell by 28 per cent to 657,454 tonnes in May, in view of higher stock availability and sluggish summer demand Crude palm oil prices in spot market gained by 2.30 rupees and settled at 510.00 rupees.
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