Monday, January 23, 2017

CPO trading range for the day is 581.3-597.1. Crude palm oil dropped on expectation of higher supply from Malaysia and Indonesia. Indonesia's crude palm oil (CPO) output likely fell slightly in December, ending a seven-month run of gains, a survey showed. Malaysia's palm oil output may rise by 12% this year to 19.4 million tons from 17.4 million tons in 2016 Crude palm oil prices in spot market dropped by 2.20 rupees and settled at 595.60 rupees. 

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