EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 20 AUGUST 2015

CPO trading range for the day is 387.3-393.7.

Crude palm oil prices dropped on oversupply of the oil from Malaysia, the second biggest palm oil producer.

Malaysia's crude palm oil output rose in July and end-July stockpiles climbed, a data released by the Malaysian Palm Oil Board showed.

Palm oil output jumped 2.84% to 1.81 million tons as on July end compared to 1.76 million tons a month earlier.

Crude palm oil prices in spot market dropped by 0.60 rupees and settled at 390.00 rupees

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