EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 03 October 2016

CPO trading range for the day is 534.2-549.6. Crude palm oil settled down on profit booking after prices gained on tight stocks position following lower supply. Lower import taxes may encourage cheaper edible oil dumping in the domestic market from world markets. According to Central Board of Excise and Customs, import duty on Crude palm oil is reduced to 7.5%. Crude palm oil prices in spot market dropped by 1.10 rupees and settled at 581.50 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co