EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 10 November 2016

CPO trading range for the day is 505.1-529.7. Crude palm oil prices ended with gains supported on the back of pickup in demand at the spot market. Tight stocks availability in the physical market due to restricted arrivals from producing belts also added support to crude palm oil prices. 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 2.90 rupees and settled at 524.10 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300