EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 26 DECEMBER 2016

CPO trading range for the day is 552.9-574.3. Crude palm oil prices ended with gains taking positive cues from spot market. 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 and better domestic edible oils supply. As per USDA, the imports in 2016/17 will be higher by 14% to 10 mt and consumption too increases by 11% in India. Crude palm oil prices in spot market dropped by 3.90 rupees and settled at 562.50 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300