Crude Palm Oil Prices Gained On Short Covering After Prices Dropped

CPO trading range for the day is 512.9-526.9.

Crude palm oil prices gained on short covering after prices dropped due to high end-stocks and flat demand.

India raised the base import price of crude palm oil by $5 to $545 per tonne, the government said in a statement.

Malaysia's palm oil output will rise to 20 million tonnes in 2019, up from earlier estimates of 19-19.5 million tonnes.

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