EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 15 November 2016

CPO trading range for the day is 514.1-528.9. Crude palm oil prices ended with gains on supply worries from Malaysia, after Malaysia Palm Oil Board (MPOB) reported sharp fall in October month's output. Palm inventories also dropped to 1.57 million tons compared to market's estimation of 1.67 million tons. According to USDA report, ending stocks of palm oil in India in 2015/17 will dropped 30% to 381,000 tons compared to previous month estimates. Crude palm oil prices in spot market gained by 7.30 rupees and settled at 535.30 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300