- CPO trading range for the day is 548.8-563.
- Crude palm oil gained tracking firmness in spot demand and overseas prices supported as production and stocks fall in line with a seasonal trend.
- Indonesian palm oil prices are also forecast to rise to as high as $600 a tonne amid rising demand, slowing production growth and declining global stockpiles.
- Malaysian palm oil shipments during Jan. 1-20 rose 11.8-12.9 percent from a month earlier.
- Crude palm oil prices in spot market gained by 1.50 rupees and settled at 553.10 rupees.
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