Friday, March 17, 2017

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 17 MARCH 2017

  • CPO trading range for the day is 524.6-538.2. 
  • Crude palm oil prices ended with gains supported by expectations of stronger export and physical demand.
  • Palm oil exports data edged up 1.4% for Feb. 1-15 according to cargo surveyor Intertek Testing Services.
  • Indonesia will set its export tax for crude palm oil (CPO) in February at $18 per tonne, up from $3 per tonne last month
  • Crude palm oil prices in spot market gained by 1.60 rupees and settled at 543.30 rupees.
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