Crude Palm Oil Dropped Amid Profit Booking Tracking Weakness In Spot Demand

CPO trading range for the day is 493.7-505.3.

Crude palm oil dropped amid profit booking tracking weakness in spot demand and overseas prices.

Indonesia exported 2.03 million tonnes of palm and palm kernel oils in the month of April and 2.40 million tonnes in May, GAPKI said.

Malaysian stockpiles at end-June eased 0.97% on-month to 2.42 million tonne, against forecast of a 4% decline to 2.35 million tonnes.

Crude palm oil prices in spot market gained by 2.30 rupees and settled at 491.30 rupees.

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