EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 22 JANUARY 2018

• CPO trading range for the day is 549.8-554.2.
  
• Crude palm oil dropped tracking weakness in spot demand and overseas prices on concerns that demand could take a hit from a European Union move.
• Palm oil shipments in the first half of January already showed falling demand, according to cargo surveyor data.
• Palm oil output in Malaysia, will rise by 3 percent in 2018, an industry body forecasted.
• Crude palm oil prices in spot market dropped by 0.60 rupees and settled at 547.30 rupees.

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