Friday 20 January 2017

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 20 JANUARY 2017

CPO trading range for the day is 588.8-597.8. Crude palm oil dropped on profit booking after prices gained on demand hope following robust Malaysia palm oil export data. Malaysia palm oil exports during Jan 1-15 climbed 7% compared to a month earlier on strong demand from Middle East, data showed. Malaysia palm oil exports jumped to 513,762 tons during Jan 1-15 compared to 481,349 tons for the same period a month ago. Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 597.80 rupees.

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