EPIC RESEARCH NCDEX UPDATE OF CRUDEPALMOIL 12 AUGUST 2016

CPO trading range for the day is 523-553.6.Crude palm oil dropped taking cues from international market on oversupply woes by making oil cheap in export market. Palm oil stockpiles in Malaysia declined in July as exports from the world’s second-largest producer surged to the highest this year.Inventories fell 0.2 percent to 1.77 million metric tons at the end of July from a revised 1.775 million tons a month earlier. Crude palm oil prices in spot market dropped by 0.70 rupees and settled at 544.90 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co