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Monday, December 14, 2015

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 14 DECEMBER 2015

CPO trading range for the day is 400.7-418.5.
Crude palm oil prices ended with gains supported on the back of pickup in demand at the spot market.
Prices also seen supported on lower output from Malaysia, the second biggest palm oil producer.
Malaysia's crude palm oil dropped 19% to 1.65 million tons in November end compared to 2.03 million tons a month earlier.
Crude palm oil prices in spot market gained by 4.20 rupees and settled at 395.00 rupees.


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