EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 12 JANUARY 2018

• CPO trading range for the day is 557.4-562.8.
  
• Crude palm oil dropped on profit booking after prices gained due to reports of good demand from the stockists.
• Crude palm oil output in Malaysia, the world's second biggest CPO producer, dropped by 6% compared to previous month, data released by MPOB.
• Palm oil output in December month fell to 1.83 million tons compared to 1.94 million tons in November. 
• Crude palm oil prices in spot market dropped by 2.60 rupees and settled at 554.70 rupees.

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