Friday, May 25, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 25 MAY 2018


  • CPO trading range for the day is 664.4-673.6.
  • Crude palm Oil remained in range despite of firmness in spot demand and overseas prices and reports of increase in import duty on soft edible oil.
  • Indonesia's exports of palm oil and palm kernel oil dropped 2.8 percent to 2.40 million tonnes in March from a year earlier.
  • Indonesia had palm oil stocks of 3.65 million tonnes by end-March, GAPKI said, up from 3.50 a month earlier, Gapki data showed.
  • Crude palm oil prices in spot market gained by 1.50 rupees and settled at 668.00 rupees.

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