EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 2 NOVEMBER 2017

• CPO trading range for the day is 532.6-561.
  
• Crude palm oil gained tracking firmness in spot demand and in Malaysian palm oil.
• Palm oil production in Malaysia, is expected to increase 15.5 percent this year and will grow by 2.5 percent in 2018, the government said.
• According to SEA release, during Nov-Sep period, crude palm oil import is 57.34 lakh tonnes, up 9.5%.
• Crude palm oil prices in spot market dropped by 1.90 rupees and settled at 542.10 rupees.
• BUY CPO NOV 2017 @ 545.00 SL 540.00 TGT 551.00-558.00.MCX.

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