EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 4 May 2017

• CPO trading range for the day is 484.3-494.3. 
  
• Crude palm oil dropped due to expectation of production recovery in Indonesia and Malaysia. 
• The secretary-general of Indonesian Palm Oil Association said that palm oil output may jump by more than 10% this year. 
• Malaysia palm oil exports jumped to 1.25 million tons during Apr 1-30 compared to 1.07 million tons for the same period a month ago. 
• Crude palm oil prices in spot market dropped by 1.90 rupees and settled at 506.40 rupees.

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