EPIC RESEARCH NCDEX UPDATE OF Crude palm oil 19 June 2017

• CPO trading range for the day is 484.3-495.1.
• Crude palm gained on short covering after pric
  
  es dropped as there are reports 21% rise in palm imports in the month of May.
• However, good stocks in the country due to higher imports during last month pressurizing prices.
• Data from industry regulator the MPOB showed May end-stocks falling 2.6% from the previous month to 1.56 mt, while production rose 6.9%.
• Crude palm oil prices in spot market dropped by 0.50 rupees and settled at 496.30 rupees.

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