Monday, January 14, 2019

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 14 JANUARY 2019


  • CPO trading range for the day is 537.2-550.2.
  • Crude palm oil gained tracking firmness in spot demand despite of weakness in overseas prices hurt by concerns about oversupply.
  • The MPOB data showed Malaysian end-stocks in December rose 6.9 percent from the previous month to 3.21 million tonnes.
  • December production fell 2 percent from the previous month to 1.81 million tonnes while exports edged up 0.6 percent from November to 1.38 million tonnes
  • Crude palm oil prices in spot market gained by 3.10 rupees and settled at 527.50 rupees.

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