Friday, December 18, 2015

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 18 DECEMBER 2015

CPO trading range for the day is 385.3-397.3.
Crude palm oil prices ended with losses on weak demand in export demand.
Malaysia palm oil exports dropped to 466,876 tons during Dec 1-15 compared to 724,992 tons for the same period a month ago.
The Indonesia crop is reduced 2.0 million tons to 33.0 million and the Malaysia crop is reduced 0.5 million tons to 20.5 million.
Crude palm oil prices in spot market dropped by 2.20 rupees and settled at 388.70 rupees.


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