Monday, 19 June 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 19 JUNE 2017

CPO trading range for the day is 487.9-494.9. Crude palm oil ended with flat node amid subdued demand following weak Malaysian palm oil export data. Malaysia palm oil exports during June 1-15 slumped 18% compared to same period a month ago. Palm oil output in Malaysia, jumped by 7% during month of May while exports rose by 17%, data released by Malaysian Palm Oil Board showed. Crude palm oil prices in spot market dropped by 0.60 rupees and settled at 495.70 rupees.

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