EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 23 November 2016

CPO trading range for the day is 530.3-546.7. Crude palm oil settled flat on profit booking after gaining on strong demand for Indonesian palm oil in export market. October exports of Indonesian CPO were seen at 2.23 million tons, up 11% from two million in the previous month. Malaysia palm oil exports during Nov 1-15 dropped 17% compared to a month earlier on subdued demand. Crude palm oil prices in spot market gained by 1.30 rupees and settled at 543.30 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300