Friday 21 April 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 21 April 2017

CPO trading range for the day is 507.6-521. Crude palm oil prices ended with gains on lower level buying by the market participants. Malaysia palm oil output in March rose 16.3% on month while market also forecast rising output data from the Indonesia. Moreover, government lowered the base import price of CPO by $22 to $725 per tonnes for 2nd half of April, their 5th consecutive fortnightly decline. Crude palm oil prices in spot market gained by 1.50 rupees and settled at 519.10 rupees.

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