EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 09 DECEMBER 2016

CPO trading range for the day is 545.1-574.7. Crude palm oil prices dropped on profit booking after prices gained on supply worries and strong demand. Downside was limited on production concerns in Malaysia fuelled by forecast of heavy year end rain which may hinder harvest. There are signs that China's palm oil imports, which have fallen in recent years, are picking up again, the MPOC said. Crude palm oil prices in spot market dropped by 3.30 rupees and settled at 565.80 rupees.To get reliable and quality NCDEX Tips ✆ – 0731-6642300