EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 12 JULY 2016

CPO futures (July) & Refined soy oil futures (Aug) will possibly slip further towards 485 & 628 levels respectively tracking bearish fundamentals of their counterparts on the international markets. The market participants would definitely remain cautious ahead of the USDA World Agricultural Supply and Demand Estimates (WASDE) Report along with Malaysia monthly palm oil industry performance data on July 12. Malaysian palm oil futures eased on Monday, touching their lowest in nine months during the session as sentiment remained subdued ahead of data expected to show a drop in exports last month. Benchmark palm oil futures for September delivery on the Bursa Malaysia Derivatives Exchange closed 0.04 percent lower at 2,239 ringgit ($560.73) a tonne, having dropped by about 1 percent earlier in the day,the lowest level since Oct. 9, 2015.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co