EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 29 November 2016

CPO trading range for the day is 547.9-560.9. Crude palm oil ended with gains on supply concerns and strong demand. USDA said ending stocks of palm oil in India in 2016-17 will dropped 30% in October to 381,000 tons compared to previous month estimates. Malaysia palm oil exports slipped to 520,670 tons during Nov 1-15 compared to 627,864 tons for the same period a month ago. Crude palm oil prices in spot market gained by 5.00 rupees and settled at 554.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300