EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 18 JANUARY 2017

CPO trading range for the day is 588.6-599.6. Crude palm oil prices ended with gains supported by pickup in demand at the spot market. Malaysia, the world's second-largest palm oil producer after Indonesia, will raise its crude palm export tax to 7.5% in February, up from 7% in January. Indonesian palm oil exports probably rose to the highest level in 13 months in November as some buyers replenished stockpiles. Crude palm oil prices in spot market gained by 1.90 rupees and settled at 602.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co