Friday, October 12, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 12 OCTOBER 2018


  • CPO trading range for the day is 579.7-589.1.
  • Crude palm oil dropped amid higher stocks in the country and weak CPO prices in international markets.
  • Malaysia's palm oil inventories edged up in September to their highest in eight months, surpassing market expectations as production levels came in higher than exports.
  • Exports of Malaysian palm oil products for October 1 – 10 fell 39.3 percent to 297,265 tonnes from 489,492 tonnes shipped during September 1 – 10.
  • Crude palm oil prices in spot market dropped by 5.20 rupees and settled at 586.00 rupees

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