EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 02 November 2016

CPO trading range for the day is 505.7-526.9. Crude plam oil prices dropped amid lower demand following weak Malaysian palm oil export data for Oct 1-25. However downside seen limited amid concerns over lower stockpiles coupled with lower arrivals in local market following weak import data. 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 534.80 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300