EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 29 DECEMBER 2016

CPO trading range for the day is 571.7-586.3. Crude palm oil prices ended with gains tracking firmness in spot demand on supply worries. Production of crude palm oil dropped 6.1% to 1.57 million tons in November from a month earlier. Palm oil output in Indonesia is expected to grow by around 10 percent in 2017 as planters devote more land to the crop. Crude palm oil prices in spot market gained by 6.30 rupees and settled at 580.10 rupees.To get reliable and quality NCDEX Tips ✆ – 0731-6642300