EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 21 October 2016

CPO trading range for the day is 531.5-542.5. Crude palm oil prices ended with losses on profit booking after prices gained on supply concerns from top producers. In 2016, CPO output in Indonesia, the may fall by 100,000 tons while in Malaysia, output is expected fall by 300,000 tons. Malaysian’s October 1-10 palm oil exports rose 1.9 percent to 403,650 tons compared to 395,970 tons in corresponding period last month. Crude palm oil prices in spot market dropped by 3.00 rupees and settled at 553.80 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300