EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 22 NOVEMBER 2017

• CPO trading range for the day is 573.5-591.1.
  
• Crude palm oil gains as support continues as centre has raised the import duty on crude palm oil to 30% from 15%.
• Moreover, for the second half of Nov, base import price for crude palm oil and refined, bleached and deodorised palm oil were raised by $8 per tn each.
• Palm oil shipments from Malaysia for Nov. 1-20 fell 6.2% compared with the same period last month, according to data from cargo surveyor Intertek Testing Services.
• Crude palm oil prices in spot market dropped by 6.10 rupees and settled at 588.40 rupees.

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