EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 5 OCTOBER 2018

• CPO trading range for the day is 585.6-595.6.
  
• Crude palm oil ended with gains on short covering tracking firmness in spot demand after prices dropped amid good stocks due to higher imports.
• Indonesian palm oil production is expected to hit 40 million tonnes in 2018, up from an earlier forecast of 38.5 million tonnes.
• Due to the seasonal rise in palm oil production at the end of the year, palm stocks for the last quarter of 2018 "look heavy”.
• Crude palm oil prices in spot market gained by 4.40 rupees and settled at 587.80 rupees.

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