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EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 22 Sep 2016

CPO Futures Closed Higher on Wednesday due to good demand for the edible oil in the physical market coupled with technical buying. The most active CPO Sep’16 expiry closed higher by 0.32% to settle at Rs. 590.2 per 10 kg. Palm Oil Imports by India fell for a fourth month in August as some buyers switched to soybean oil. As per SEA circular, palm oil imports dropped 16% to 540,633 metric tons in August from a year earlier. SEA data showed imports of palm oil almost doubled to 2.2 mt in Nov-Aug, compared with 1.3 mt a year ago.
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EPIC RESEARCH NCDEX CRUDEPALMOIL UPDATE OF 22 Sep 2016

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