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Thursday, March 09, 2017

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 09 MARCH 2017


  • CPO trading range for the day is 523.5-543.3. 
  •  Crude palm oil prices ended with gains on short covering after prices dropped amid weak spot market on sluggish demand. 
  • Malaysia palm oil exports during Feb 1-28 fell by 14.2% compared to a month earlier on subdued demand. 
  • World palm oil output is forecast to climb 11% to 65 million tonnes this year from 58.3 mln tonnes a year ago. 
  • Crude palm oil prices in spot market gained by 0.10 rupees and settled at 548.90 rupees.  
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