12/06/2018 01:40:00 PM
- CPO trading range for the day is 483.2-498.8.
- Crude palm oil gained on short covering after prices dropped tracking weakness in overseas prices due to expectations of rising inventories in Malaysia
- Indonesia relaxed rules on palm oil levies and derivative products effective immediately following a drop in prices, the country's finance ministry said.
- Malaysia's palm oil stocks at end-November are likely to touch the 3- million-tonne mark, their highest in recent years, as the drop in exports outpaced lean production.
- Crude palm oil prices in spot market gained by 0.40 rupees and settled at 485.80 rupees
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