EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 05 AUGUST 2015

CPO trading range for the day is 402.4-411.4.

Crude palm oil prices dropped on subdued demand following weak Malaysia palm oil export data.

Malaysian palm oil exports in July fell 6.4% from June to 1.54 million tons, DowJones reported citing Intertek Testing Services.

In the latest USDA report, global palm oil production in 2015/16 forecasted to increase by 6 % to 65.17 million tons (mt).

Crude palm oil prices in spot market dropped by 4.00 rupees and settled at 404.80 rupees.

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