EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 28 November 2016

CPO trading range for the day is 544.5-552.9. Crude plam oil dropped amid fall in demand in spot market on profit booking. Malaysia Palm Oil Board in its monthly report said stockpiles in October jumped by 1.8% to 1.57 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 dropped by 0.30 rupees and settled at 549.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300