EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 20 October 2016

CPO trading range for the day is 521.3-547.9. Crude palm oil prices gained tracking a firm trend at spot market on rising demand. CPO inventories in Indonesia, the world's biggest palm oil producer, are expected to rise by 12% on higher output. Malaysian palm oil production is expected to drop by between five per cent and eight per cent this year due to the prolonged El Nino drought. Crude palm oil prices in spot market dropped by 1.00 rupees and settled at 556.80 rupees.To get reliable and quality NCDEX Tips ✆ – 0731-6642300