Crude Palm Oil Prices On Profit Booking After Prices Rallied On Expectations

CPO trading range for the day is 526.1-547.7.

Crude palm oil prices on profit booking after prices rallied on expectations of dwindling stockpiles and improved exports.

India's palm oil imports in 2018/19 is expected to jump about 10% on year to a record high due to sharp fall in the prices.

Malaysia's palm oil stockpiles at the end of March fell 4.6 percent from the previous month to 2.92 million tonnes, MPOB said.

Crude palm oil prices in spot market dropped by 6.60 rupees and settled at 533.50 rupees.

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