Thursday, November 01, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 1 NOVEMBER 2018


  • CPO trading range for the day is 564.1-576.7.
  • 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 dropped by 0.70 rupees and settled at 575.50 rupees. 

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