Wednesday, 26 July 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 26 JULY 2017

CPO trading range for the day is 478-489.2. Crude palm oil ended with gains tracking firmness in spot demand on low level buying after prices dropped ample supplies in the domestic market. Malaysia palm oil exports during July 1-20 jumped 10.5% compared to same period a month ago on strong demand from China and European Union.Malaysia palm oil exports rose to 796,664 tons during July 1-20 compared to 721,020 tons for the same period a month ago. Crude palm oil prices in spot market gained by 2.80 rupees and settled at 484.60 rupees.



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