8/24/2015 12:59:00 PM
Crude palm oil prices dropped on oversupply woes of the oil from Malaysia and from domestic market following robust imports data.
Malaysia's crude palm oil output rose in July and end-July stockpiles climbed, a data released by the Malaysian Palm Oil Board showed.
Palm oil output jumped 2.84% to 1.81 million tons as on July end compared to 1.76 million tons a month earlier.
Crude palm oil prices in spot market dropped by 4.20 rupees and settled at 378.80 rupees.
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