EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 14 June 2018

CPO trading range for the day is 623.5-644.5.

Crude palm oil gained tracking firmness in spot demand despite of worries over weak Malaysian export demand

Exports of Malaysian palm oil products for Jun. 1-10 fell 18.2 percent to 334,132 tonnes from 408,568 tonnes shipped during May. 1-10.

EU 2017/18 palm oil imports stood at 5.8 million tonnes, up 2 percent from 5.7 million tonnes a year earlier.

Crude palm oil prices in spot market dropped by 2.10 rupees and settled at 640.10 rupees.

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