Thursday, April 04, 2019

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 4 APRIL 2019


  • CPO trading range for the day is 529.1-541.3.
  • Crude palm Oil settled flat on profit booking after prices seen supported tracking firmness in spot demand and overseas prices on prospects of reduced stockpiles
  • India's palm oil imports in 2018/19 is expected to jump about 10% on year to a record high.
  • According to USDA monthly report in February, palm oil consumption for India is forecast at 10.6 mt, up 16.7% on year.
  • Crude palm oil prices in spot market gained by 5.20 rupees and settled at 528.20 rupees.

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