EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 27 October 2016

CPO trading range for the day is 534.9-540.3. Crude palm oil gained tracking firmness in spot demand and overseas prices on supply concerns from top producers. The Malaysian Palm oil Association corrected the production data from a 11% decline announced to 3.9% increase. The amendment to the Malaysia Palm Oil Association output data, from 11% decline to 3.9% increase, has significantly impacted the market. Crude palm oil prices in spot market gained by 0.80 rupees and settled at 539.20 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300