Friday, October 19, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 19 OCTOBER 2018


  • CPO trading range for the day is 590-595.6.
  • Crude palm oil dropped tracking weakness in spot demand despite firmness in overseas prices on expectations of lean production growth in October.
  • Production levels rose 14.4 percent in September at 1.85 million tonnes, according to data from the Malaysian Palm Oil Board.
  • Malaysia's palm oil inventories edged up in September to their highest in eight months, surpassing market expectations.
  • Crude palm oil prices in spot market gained by 1.00 rupees and settled at 591.20 rupees. 

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