Thursday, October 04, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 4 OCTOBER 2018


  • CPO trading range for the day is 581.6-592.6.
  • Crude palm oil ended with gains on short covering tracking firmness in spot demand after prices dropped amid good stocks due to higher imports.
  • Indonesian palm oil production is expected to hit 40 million tonnes in 2018, up from an earlier forecast of 38.5 million tonnes.
  • Due to the seasonal rise in palm oil production at the end of the year, palm stocks for the last quarter of 2018 "look heavy”.

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