CPO Dropped Pressured By Weaker Spot Demand And Forecast

CPO trading range for the day is 550.7-557.3.

CPO dropped pressured by weaker spot demand and forecast that Malaysia’s February palm output will be higher than usual.

Output in Malaysia, fell 3.9 percent to 1.74 million tonnes last month, data from the Malaysian Palm Oil Board showed.

Malaysia kept its export duty on crude palm oil for March at zero percent, according to a circular on the Malaysian Palm Oil Board's website.

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