Friday, October 26, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 26 OCTOBER 2018


  • CPO trading range for the day is 570.7-590.7.
  • Crude palm oil dropped tracking weakness in spot demand and overseas prices amid forecasts of rising production.
  • Palm oil production is forecast to rise in the last quarter of the year in line with seasonal trend, before tapering off early next year.
  • Malaysia's palm oil inventories had edged up in September to their highest in eight months as production levels came in higher than exports.
  • Crude palm oil prices in spot market dropped by 4.10 rupees and settled at 579.20 rupees.


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