7/31/2015 11:49:00 AM
Crude oil prices dropped as prices were under pressure on weak demand for the oil in export market following subdued Malaysia palm oil export demand.
Malaysia palm oil exports slipped to 907,574 tons during July 1-20 compared to 1.07 million tons for the same period a month ago.
The country's vegetable oil imports in June stood at 1.02 million tonnes, up from 883,679 tonnes a year earlier, the SEA said.
Crude palm oil prices in spot market dropped by 2.40 rupees and settled at 417.10 rupees.
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