EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 2 DECEMBER 2016

CPO trading range for the day is 551.8-562.2. Crude palm oil prices gained on supply worries from Indonesia, the world's biggest palm oil grower. Indonesian Palm Oil Association Chairman said that production may be 30.9 million tons due to impact of El Nino on palm oil trees. USDA said ending stocks of palm oil in India in 2016-17 will dropped 30% in October to 381,000 tons compared to previous month estimates. Crude palm oil prices in spot market gained by 5.40 rupees and settled at 560.80 rupees.

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