Friday, October 13, 2017

EPIC RESEARCH NCDEX UPDATE OF CRUDE PALM OIL 13 OCTOBER 2017


  • CPO trading range for the day is 529.1-545.9.
  • Crude palm oil prices dropped on profit booking after prices gained amid rising demand in the spot market and overseas prices.
  • Malaysia, will increase its crude palm oil export tax to 6.5 percent in November, up from 6.0 percent the previous month.
  • Exports of Malaysian palm oil products for October 1-10 rose 18.1 percent to 448,349 tonnes, up from 379,652 tonnes shipped over September 1-10.
  • Crude palm oil prices in spot market gained by 1.60 rupees and settled at 540.80 rupees.

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