EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 25 MARCH 2019

• CPO trading range for the day is 521.1-529.1.
  
• Crude palm oil ended with losses tracking weakness in spot demand and overseas prices amid bumper harvest last year in both Malaysia and Indonesia.
• Stockpile concerns were further fanned after the European Union announced plans to phase out use of palm oil in renewable transport fuel by 2030.
• Global palm oil demand may suffer its first contraction in two decades during the 2019/20 crop year due to rising domestic oilseed supplies.
• Crude palm oil prices in spot market dropped by 3.40 rupees and settled at 517.60 rupees.
• SELL CPO MAR 2019 @ 528.00 SL 531.00 TGT 524.00-520.00.MCX

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