6/11/2015 12:04:00 PM
Crude palm oil prices dropped due to profit-booking amid a weak trend in the global market.
The export tax for crude palm oil stays at zero per cent as Indonesia is keeping its export tax for crude palm unchanged in June.
Global palm oil production in 2015/16 is forecasted to increase by 6 % to 65.17 million tons (mt) compared to 61.65 mt in 2014/15.
Crude palm oil prices in spot market dropped by 1.50 rupees and settled at 460.80 rupees.
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