Friday, December 07, 2018

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 7 DECEMBER 2018

  • CPO trading range for the day is 484-500.4.
  • Crude palm Oil settled down due to expectations of rising inventories in Malaysia and a change in Indonesia's export levy rules.
  • Indonesia relaxed rules on palm oil levies and derivative products effective immediately following a drop in prices, the country's finance ministry said.
  • Malaysia's palm oil stocks at end-November are likely to touch the 3-million-tonne mark, their highest in recent years, as the drop in exports outpaced lean production.
  • Crude palm oil prices in spot market gained by 0.20 rupees and settled at 486.00 rupees.

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