EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 14 AUGUST 2018

• CPO trading range for the day is 592-599.
  
• Crude palm oil dropped tracking weakness in Malaysian prices after official data release showed a rise in production.
• Malaysia lowered its export tax on crude palm oil for September to 0 percent, the Malaysian Palm Oil Board said.
• The MPOB had reported that July end-stocks in Malaysia rose 1.3 percent to 2.21 million tonnes in a second month of gains, while exports grew 6.8 percent.
• Crude palm oil prices in spot market dropped by 1.60 rupees and settled at 591.20 rupees.

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