EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 9 APRIL 2018

• CPO trading range for the day is 645.1-657.1.
  
• Crude palm oil gained tracking firmness in spot demand despite of Malaysian palm oil production is forecast to rise in March from a month earlier.
• Output of the edible oil usually gains seasonally around the second quarter of the year before peaking in the third quarter.
• Indonesia's crude palm oil (CPO) exports in February are forecast to have declined from the previous month, a survey showed.
• Crude palm oil prices in spot market dropped by 2.30 rupees and settled at 637.60 rupees.

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