EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 07 DECEMBER 2016

CPO trading range for the day is 550.3-576.1. Crude palm oil ended with gains on hopes higher demand for bio-fuel and on supply worries in global market. Prices of palm oil were up on supply worries from Indonesia, the world's biggest palm oil producer. Indonesian Palm Oil Association Chairman said that production may be 30.9 million tons due to impact of El-Nino on palm oil trees. Crude palm oil prices in spot market gained by 1.30 rupees and settled at 567.40 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300