Friday, September 15, 2017

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 15 SEPTEMBER 2017


  • CPO trading range for the day is 543.3-554.1.
  • Crude palm oil ended with gains tracking firmness in spot demand and overseas prices.
  • The Malaysian Palm Oil Board sector regulator of data showed that the country's palm oil stocks came in at 1.94m tonnes last month.
  • Production last month fell 0.9% to 1.83m tonnes – a small fall, but an unusual one given that output is on its way to a seasonal peak in September-October.
  • Crude palm oil prices in spot market gained by 6.10 rupees and settled at 554.00 rupees.

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