EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 16 SEPTEMBER 2016

CPO trading range for the day is 546.9-567.9. Crude palm oil dropped taking cues from international market on oversupply woes by making oil cheap in export market. Malaysia’s total palm oil stocks fell 17.29 per cent to 1.46 million tonnes in August against 1.77 million tonnes in the previous month, MPOB said. Palm kernel output rose 9.72 per cent to 403,245 tonnes in August compared with 367,516 tonnes in the previous month, it said. Crude palm oil prices in spot market dropped by 1.80 rupees and settled at 570.40 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co