EPIC RESEARCH MCX CRUDE PALM OIL UPDATE OF 20 June 2018

CPO trading range for the day is 622.3-640.5.

Crude palm oil ended with losses on the back of weaker export demand and a fall in crude oil prices.

India’s palm oil imports in May plunged 38 per cent from a year earlier to their lowest in nearly four and a half years.

Exports of Malaysian palm oil products for June 1 – 15 fell 7.2 percent to 500,197 tonnes from 539,084 tonnes shipped during May 1 – 15.

Crude palm oil prices in spot market dropped by 5.40 rupees and settled at 637.00 rupees.

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