8/28/2015 12:11:00 PM
Crude palm oil prices ended with gains on short covering and on improved export demand.
The Malaysian Palm Oil Board’s latest July statistics showed that palm oil stocks rose to 2.27 million tonnes with production surging to 1.82 million tonnes.
Malaysia, kept its crude palm oil export tax for September at zero percent, extending duty-free exports from August.
Crude palm oil prices in spot market dropped by 0.10 rupees and settled at 356.00 rupees.
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