EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 11 April 2017

• CPO trading range for the day is 504.3-524.1. 
  
• Crude palm oil dropped tracking weakness in spot demand and overseas prices on hope of recover in Malaysian palm oil output. 
•  Prices of the oil will be down as Malaysia Palm Oil reserves are expected to rise during March month. 
• Inventories are expected to rise by 4.1% to 1.52 million tons in March as compared to previous month. 
• Crude palm oil prices in spot market dropped by 4.60 rupees and settled at 533.40 rupees.

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