Wednesday, April 27, 2016

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 27 APRIL 2016

CPO trading range for the day is 560.8-570.8.
Crude palm oil prices ended with losses on continuous profit booking tracking weakness in spot demand.
However downside seen limited on supply worries from Indonesia as the world's biggest oil producer is likely to put ban on new permits.
Malaysia palm oil exports during Apr 1-20 climbed 3.46% compared to a month earlier.
Crude palm oil prices in spot market dropped by 1.50 rupees and settled at 568.50 rupees.


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