Tuesday, October 09, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 9 OCTOBER 2018


  • CPO trading range for the day is 586.7-597.5.
  • Crude oil prices remained under pressure tracking overseas prices amid rising production.
  • Palm oil production in Malaysia, typically rises in the third and fourth quarters of the year in line with the seasonal trend.
  • According to SEA, import of palm oil increased sharply to 920,894 tn from 868,744 tn seen in the corresponding period a year ago.
  • Crude palm oil prices in spot market gained by 0.60 rupees and settled at 592.60 rupees

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