EPIC RESEARCH NCDEX UPDATE OF COTTON 12 SEPTEMBER 2017

• CPO trading range for the day is 528.5-540.3.
  
• Crude palm oil ended with gains on higher tariff value and robust festive demand.
• The government hiked import duty on CPO to 15% from 7.50% at present and on soybean oil/sunflower oil/canola oil to 17.5% from 12.5% at present.
• India's palm oil import from Malaysia during Aug 1-31 spurted 11.62% to 180,940 tons compared to 191,234 tons, data showed.
• Crude palm oil prices in spot market gained by 2.20 rupees and settled at 536.90 rupees.

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