EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 11 AUGUST 2015

CPO trading range for the day is 393.3-407.5.

Crude palm Oil gained on short covering after prices dropped on weak demand and higher supply from Malaysia, the second biggest palm oil producer.

Exports of Malaysian palm oil products for August 1-10 jumped 57.6 percent to 498,993 tonnes from 316,492 tonnes shipped during July 1-10.

Indonesia’s CPO output reached 2.8 mt, rose for the fourth month to hit its highest since at least August on supplies from new plantations.

Crude palm oil prices in spot market gained by 1.50 rupees and settled at 396.00 rupees.

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