EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 03 November 2016

CPO trading range for the day is 505.8-523.2. Crude palm oil prices ended with gains tracking firmness in spot demand and overseas prices. Palm oil stocks have risen by 9.6 per cent month on month (m-o-m) in October, but production last month is still trailing behind last year’s level. Malaysian palm oil production is expected to drop by between five per cent and eight per cent this year due to the prolonged El Nino drought. Crude palm oil prices in spot market dropped by 11.80 rupees and settled at 523.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300