EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 20 JULY 2016

CPO trading range for the day is 505.7-518.1.Crude palm oil gained on short covering after prices dropped on higher imports and on anticipation of higher supply from Indonesia. Reports from Malaysia showed that the world's second biggest oil producer is likely to trim export duty on CPO to 5% in August. Crude palm oil imports slipped 27.28% to 415,580 tons in June compared to 571,496 tons in the same period a month ago.Crude palm oil prices in spot market gained by 2.00 rupees and settled at 517.80 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co