EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 23 DECEMBER 2016

CPO trading range for the day is 558.3-570.3. Crude palm oil prices dropped as the stocks are sufficient and the demand is little lower. Palm oil output in Indonesia is expected to grow by around 10 percent in 2017 as planters devote more land to the crop. As per SEA data, Palm oil imports fell by 8.27% to 8,01,311 tonnes in Nov this year, on expected bumper oilseeds crop. Crude palm oil prices in spot market dropped by 2.10 rupees and settled at 566.40 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300