Tuesday, October 24, 2017

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 23 OCTOBER 2017


  • CPO trading range for the day is 537.4-546.8.
  • Crude palm oil dropped on profit booking after prices gained tracking overnight gains in overseas markets and on cargo surveyor data showing strong exports.
  • Rising inventory levels in Malaysia, could further weigh on palm prices.
  • Inventory levels at the end of September rose 4 percent from a month earlier to 2.02 million tonnes.
  • Crude palm oil prices in spot market gained by 2.40 rupees and settled at 540.60 rupees.

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