Tuesday, July 31, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 31 JULY 2018


  • CPO trading range for the day is 616-619.6. 
  • Crude palm Oil settled flat tracking weakness in spot demand and overseas prices despite of expectation of higher output.
  • Exports of palm oil products from Indonesia, the world's biggest exporter, rose 7.5 percent in June from a year earlier, Indonesia's palm oil association said.
  • Indonesia's palm oil exports were up 7% on month at 2.29 mln tn in June due to increase in demand from markets such as India and China.
  • Crude palm oil prices in spot market dropped by 3.70 rupees and settled at 619.50 rupees.

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