Monday, May 25, 2015

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 25 MAY 2015

CPO trading range for the day is 438.6-450.4.

Crude palm oil prices dropped on higher supply of the oil in domestic market following robust imports.

Price of the palm oil were also under pressure as strong local currency against the dollar boosts prospects of higher imports.

Crude palm oil imports climbed 21.09% to 530,557 tons in April compared to 438,122 tons in the same period a month ago.

Crude palm oil prices in spot market dropped by 1.90 rupees and settled at 451.00 rupees.For more information ✆ - 0731-6642300 on Epicresearch.co or Visit http://www.epicresearch.co 

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