2/19/2016 01:58:00 PM
Crude palm oil prices ended with losses due to profit booking after prices gained on anticipation of lower production of palm oil.
Malaysian production is likely to decline from January to June, drawing down palm oil stockpiles.
Indonesia will see exports drop to about 23-24 mt as per the prediction by Indonesian Palm Oil Association is a first decline in five years.
Crude palm oil prices in spot market gained by 0.70 rupees and settled at 483.60 rupees.
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