EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 18 November 2016

CPO trading range for the day is 522.7-535.1. Crude palm oil prices gained tracking firmness in spot demand amid supply worries. Malaysian palm oil stocks estimated to fall 3.3 million tons at the start of the season, meaning supplies may rise only 2.2 million tons. In Indonesia, palm oil stocks in September were 52% below the level in 2015, according to data released by Indonesia's Palm Oil Association. Crude palm oil prices in spot market gained by 3.20 rupees and settled at 529.80 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300