- CPO trading range for the day is 590.1-600.1.
- Crude palm oil dropped due to higher stock levels and expectation of cheaper imports from Malaysia due to zero duty.
- Prices also remained under pressure tracking weakness in overseas prices on concerns of rising stocks, stronger ringgit and weaker related edible oils.
- The base import price of crude palm oil was increase for the second half of September, after cut for 6 successive time to $572 per tn from $567per tn.
- Crude palm oil prices in spot market dropped 3.70 rupees and settled at 597.30 rupees.
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