Wednesday, March 16, 2016

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 16 MARCH 2016


CPO trading range for the day is 500.4-511.
Crude palm oil prices dropped due to profit booking after prices seen supported in last some sessions amid supply worries in international market.
Malaysia palm oil exports during Mar 1-10 climbed 31.1% compared to a month earlier on improved demand from China, India & Subcontinent and Middle East.
Malaysia palm oil exports surged to 327,551 tons during Mar 1-10 compared to 249,835 tons for the same period a month ago.
Crude palm oil prices in spot market gained by 2.80 rupees and settled at 500.80 rupees.



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