Monday, April 02, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 2 APRIL 2018


  • CPO trading range for the day is 645.1-657.1.
  • Crude palm oil gained tracking firmness in spot demand despite of Malaysian palm oil production is forecast to rise in March from a month earlier.
  • Output of the edible oil usually gains seasonally around the second quarter of the year before peaking in the third quarter.
  • Indonesia's crude palm oil (CPO) exports in February are forecast to have declined from the previous month, a survey showed.
  • Crude palm oil prices in spot market dropped by 2.30 rupees and settled at 637.60 rupees.

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