EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 26 July 2018

Posted by Commodity Updates by Epic Research on 15:27:00 with No comments
CPO trading range for the day is 612.4-618.

* Crude palm oil ended with losses on expectations that production will rise in the coming weeks.

* Oil output in Malaysia is expected to enter the high production cycle in the last quarter of the year.

* July output to rise on a backlog of crops due to the long Eid holidays in June but does not expect output from next month to be robust.

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