EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 03 FEBRUARY 2016

CPO trading range for the day is 449.3-456.7.
Crude palm oil prices ended with gains on the back of increasing demand in the spot market.
Expectation of lower production this year following the threat of El Nino is supporting the prices.
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 4.00 rupees and settled at 446.70 rupees. For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co