EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 2 AUGUST 2016

CPO trading range for the day is 501.9-510.7.Crude palm oil prices gains amid hopes of improvement in demand despite of expectation of higher output from Indonesia and Malaysia. Prices also seen supported on hopes of higher demand following reports of Malaysia's biodiesel plans. Oil output in Malaysia, climbed to 1.53 million tons in June compared to 1.36 million tons in May.Crude palm oil prices in spot market dropped by 2.50 rupees and settled at 522.80 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co