Wednesday, May 16, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 16 MAY 2018


  • CPO trading range for the day is 652.3-665.3.
  • Crude palm settled down tracking weakness in spot demand despite of firmness in overseas prices.
  • Further, cut in base import prices for the 1st half of May kept prices lower in first week.
  • MPOB showed April end-stocks in Malaysia, dropped 6.4 percent from the previous month to 2.17 million tonnes, their lowest since September.
  • Crude palm oil prices in spot market gained by 2.80 rupees and settled at 653.60 rupees.

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