Tuesday, December 27, 2016

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 27 DECEMBER 2016


CPO trading range for the day is 563.2-574. Crude palm oil prices ended with gains amid pickup in domestic demand at the spot market. Indonesia revised its target for unblended bio-diesel consumption in 2017 to 4.6 million kl, versus initial estimate of 5.5 million kl. Exports of crude palm oil from Malaysia will be taxed at 7% a ton in January compared with December's 6% levy. Crude palm oil prices in spot market dropped by 5.80 rupees and settled at 568.30 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300    

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