Thursday, March 31, 2016

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 31 MARCH 2016

CPO trading range for the day is 524.6-533.2.
Crude palm oil prices ended with gains on good physical demand from stockists and traders in the domestic spot market.
Further, reports of lower production and lower inventories in Malaysia and Indonesia too fuelled the uptrend.
Malaysia palm oil exports surged to 886,849 tons during Mar 1-25 compared to 787,693 tons for the same period a month ago.
Crude palm oil prices in spot market gained by 3.50 rupees and settled at 531.90 rupees.
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