Wednesday, January 09, 2019

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 9 JANUARY 2019


  • CPO trading range for the day is 522.8-545.
  • Crude palm oil dropped tracking weakness in spot demand despite gains in overseas prices amid slowing production gains.
  • Indonesia's palm and palm kernel oil exports in the month of November rose 14 percent to 2.99 million tonnes compared to the same month a year earlier.
  • India is the world's largest edible oil importer, and had previously raised import duties on edible oils to support local prices.
  • Crude palm oil prices in spot market gained by 4.80 rupees and settled at 522.80 rupees.

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