Wednesday, September 20, 2017

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 20 SEPTEMBER 2017


  • CPO trading range for the day is 534.6-550.2.
  • Crude palm oil dropped tracking weakness in spot demand and overseas prices as strong export figures cushioned.
  • The increase of crude palm oil export tax for October from 5.5% to 6% weighed on the sentiment.
  • Cargo surveyor Intertek Testing Services said palm exports for Sept. 1-15 rose 22.2% compared to Aug. 1-15.
  • Crude palm oil prices in spot market dropped by 5.60 rupees and settled at 544.20 rupees.

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