EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 16 NOVEMBER 2018

• CPO trading range for the day is 513.8-535.2.
  
• Crude palm oil dropped as rising inventories weighed on the market and physical demand showed no signs of improvement.
• Exports of Malaysian palm oil products for Nov. 1 – 15 rose 2 percent from a month earlier to 549,488 tonnes.
• Stockpiles at the end of October increased 7.6 percent from the previous month to 2.72 million tonnes, while production rose 6 percent to 1.96 million tonnes. Crude palm oil prices in spot market dropped by 2.80 rupees and settled at 530.50 rupees.

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