EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 22 FEBRUARY 2016

CPO trading range for the day is 480.2-493.
Crude palm oil prices ended with gains driven by pick-up in demand in the spot market.
Malaysia palm oil exports during Feb 1-10 slumped 22.6% to 249,832 tons on weak demand from European Union, India & Subcontinent, Middle East, data showed.
Total CPO production also dropped 19.26 per cent to 1.13 million tonnes in January from 1.40 million tonnes a month earlier.
Crude palm oil prices in spot market gained by 0.70 rupees and settled at 484.30 rupees.

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