Wednesday, March 29, 2017

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 29 MARCH 2017

  • CPO trading range for the day is 531-540.2. 
  • Crude palm oil gained on buying at lower level and on supply worries following reports of el-nino in second half of the year. 
  • Indonesia's crude palm oil output likely dropped in February, extending the decline into a third straight month. 
  • Palm oil exports data edged up 1.4% for Feb. 1-15 according to cargo surveyor Intertek Testing Services. 
  • Crude palm oil prices in spot market gained by 2.60 rupees and settled at 538.10 rupees.
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