Wednesday, June 13, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 13 JUNE 2018


  • CPO trading range for the day is 626.2-646.2.
  • Crude palm oil dropped tracking weakness in spot demand and overseas prices weighed down by the Malaysian government's decision to maintain export tax for July.
  • Malaysia, kept its crude palm oil export tax at 5 percent in July, the Malaysian Palm Oil Board said in a statement.
  • Exports of Malaysian palm oil products for Jun. 1-10 fell 18.2 percent to 334,132 tonnes.
  • Crude palm oil prices in spot market dropped by 1.40 rupees and settled at 642.20 rupees.

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