Wednesday, February 8, 2017

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 8 FEBRUARY 2017

CPO trading range for the day is 575.4-581.2. Crude palm oil dropped on profit booking after prices gained amid supply worries from Malaysia and on strong Malaysian palm oil export data.  Fundamentals are still positive on tight supplies and weak production.  Palm Oil stockpiles in Malaysia Seen slumping to 5-month Low.  Crude palm oil prices in spot market gained by 0.50 rupees and settled at 585.10 rupees. 
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