EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 1 FEBRUARY 2018

• CPO trading range for the day is 557.7-576.1.
  
• Crude palm oil prices dropped despite palm oil output is expected to decline in the first quarter of the year, in line with seasonal trend, reducing market supply.
• Exports of Malaysian palm oil products for January fell 9.3 percent to 1,289,518 tonnes from 1,422,070 tonnes shipped during December.
• Exports of Malaysian palm oil products for January fell 9.3 percent to 1,289,518 tonnes from 1,422,070 tonnes shipped during December, cargo surveyor ITS said.
• Crude palm oil prices in spot market gained by 2.80 rupees and settled at 561.60 rupees.

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