EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 11 FEBRUARY 2016

CPO trading range for the day is 462.7-476.7. Crude palm oil prices ended with losses amid higher supplies from major producing areas and weak trend at the overseas markets. Expectation of lower production this year following the threat of El Nino limited the downside. The Malaysian government has forecast production to increase to 20.1 million tonnes in 2016 from 19.96 million tonnes in the previous year. Crude palm oil prices in spot market gained by 0.10 rupees and settled at 464.10 rupees.
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