EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 21 NOVEMBER 2017

• CPO trading range for the day is 548.2-579.2.
  
• Crude palm oil ended with gains as sentiment took a hit from India's move to raise import tax of edible oils to the highest in over a decade.
• Government doubled the import tax on Crude Palm Oil to 30% from 15% at present.
• The imports of palm oil rose by 10.06% to 92.93 LT in 2016-17 marketing year that ended in October compared to 84.43 LT during the last marketing year.
• Crude palm oil prices in spot market gained by 58.60 rupees and settled at 594.50 rupees.

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