EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 21 November 2016

CPO trading range for the day is 520.8-531. Crude palm oil prices settled flat due to profit booking after prices gained on 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. Meanwhile, the tariff value of CPO increase by 2.2% to $739 per tonne for the 2nd half of Nov compared to previous fortnight. Crude palm oil prices in spot market gained by 1.60 rupees and settled at 531.40 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300