EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 15 DECEMBER 2016

CPO trading range for the day is 559.8-570.6. Crude palm oil gained on supply worries after MPOB reported sharp fall in Malaysian palm oil output. Moreover, strong export demand from China and India for Indonesian palm oils following the reports on robust demand. Palm oil output in Malaysia fell by 6.1% while exports have also fallen by 4.2%, data published by MPOB showed. Crude palm oil prices in spot market gained by 2.20 rupees and settled at 565.20 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300