EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 05 DECEMBER 2016

CPO trading range for the day is 545.7-566.5. Crude palm oil prices ended with losses on profit booking after prices gained on the back of pickup in demand at the spot market. Downside seen limited on expectation that gains in crude oil will benefit palm oil as it may boost demand for bio-diesel in Indonesia Meanwhile, the tariff value of CPO increase by $25 to $764 per tonne for the 1st half of Dec compared to previous fortnight. Crude palm oil prices in spot market gained by 1.80 rupees and settled at 562.60 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300