Wednesday, February 17, 2016

EPIC RESEARCH NCDEX CRUDE PALM OIL UPDATE OF 17 FEBRUARY 2016

CPO trading range for the day is 476.2-488.4.
Crude palm oil prices ended with gains supported on the back of pickup in demand at the spot market.
The Malaysian government has forecast production to increase to 20.1 million tonnes in 2016 from 19.96 million tonnes in the previous year.
Moreover, Indonesia will see exports drop to about 23-24 mt as per the prediction by Indonesian Palm Oil Association is a first decline in five years.
Crude palm oil prices in spot market gained by 5.50 rupees and settled at 480.70 rupees.


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