Wednesday, October 31, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 31 OCTOBER 2018


  • CPO trading range for the day is 572.8-577.8.
  • Crude palm oil gained tracking firmness in spot demand despite of higher imports and forecasts of rising production.
  • Palm oil production forecast to rise in the last quarter of the year in line with the seasonal trend.
  • Output of palm oil from Indonesia, rose in September buoyed by peak harvest season, while demand from top buyers boosted exports.
  • Crude palm oil prices in spot market gained by 0.30 rupees and settled at 576.90 rupees.

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