EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 9 JANUARY 2017

CPO trading range for the day is 575.3-586.5. Crude palm oil prices ended with losses on demand worries in export markets. Malaysia palm oil exports slipped by 5.7% to 1.08 million tons during Dec 1-31 compared to 1.15 millions tons. 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 2.70 rupees and settled at 593.30 rupees.

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