EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 17 SEPTEMBER 2018

• CPO trading range for the day is 593-598.
  
• Crude palm oil settled flat tracking weakness in spot demand and overseas prices on expectation of cheaper imports from Malaysia due to zero duty.
• According to SEA monthly update, palm oil imports were down 29% and 39% for CPO and RBD Palmolein in July compared to last year.
• Indonesia's 2018 crude palm oil output is set to climb by 4-6 million tonnes from last year to 40-42 million tonnes, official said.
• Crude palm oil prices in spot market dropped 4.00 rupees and settled at 599.20 rupees.

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