Tuesday, June 13, 2017

EPIC RESEARCH NCDEX UPDATE OF Crude palm oil 13 June 2017

  • CPO trading range for the day is 489.5-504.9.
  • Crude palm oil ended with gains on short covering after prices dropped on expectation of higher supply.
  • Oil stockpiles in Malaysia is expected to rise by 0.6% to 1.61 million tons in May compared to same period a year ago.
  • Malaysian Palm Oil Board will release output, stockpiles and export data for the month of May on June 13. Crude palm oil prices in spot market gained by 0.60 rupees and settled at 503.20 rupees.

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