8/13/2015 11:36:00 AM
Crude palm oil prices dropped on account of ample stock position from producing regions against weak demand at the spot market.
Prices of the palm oil were under pressure on subdued export demand following weak Malaysia palm oil export data.
Malaysia's palm-oil exports slipped 5.32% to 1.60 million tons in July from the previous month, a data released by the Malaysian Palm Oil Board showed.
Crude palm oil prices in spot market dropped by 3.40 rupees and settled at 391.40 rupees.
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