EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 3 April 2017

• CPO Futures on MCX closed lower last week tracking international prices and rival soy oil prices in domestic market. 
  
• There is expectation of higher stock levels of edible oil in the country as oilseed crushing is going on in full swing. 
• The government lowered the base import price of crude palm oil by $6 to $747 per tonnes for 1st half of April. 
• Moreover, imports of palm oil in Feb higher compared to previous month.

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