10/28/2015 11:11:00 AM
Crude palm oil dropped on late profit booking after prices seen supported amid expectations seasonally lower supply may be tighter .
Indonesia cut its crude palm oil output estimate for next year to 33 million tonnes from an earlier projected 33.5 million tonnes.
Export demand for Malaysian palm oil tends to soften in November and December during winter in major consuming countries such as China.
Crude palm oil prices in spot market gained by 1.30 rupees and settled at 404.70 rupees. For more information ✆ - 0731-6642300 on NCDEX Tips or Visit http://www.epicresearch.co
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