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EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 17 August 2018

CPO trading range for the day is 589.7-606.3.

* Crude palm oil gained on short covering after prices dropped due to higher domestic stocks and steady domestic demand.

* The base import price of crude palm oil was cut to $573 per tn from $578 per tn for the second fortnight of August.

* The MPOB had reported that July end-stocks in Malaysia rose 1.3 percent to 2.21 million tonnes in a second month of gains.

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EPIC RESEARCH NCDEX Crude palm oil UPDATE OF 17 August 2018

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