Crude Palm Oil Dropped Tracking Weakness In Overseas Prices Due To An Expected Rise

CPO trading range for the day is 504.3-514.9.

Crude palm oil dropped tracking weakness in overseas prices due to an expected rise in Malaysian output and weak exports.

Cargo surveyors Intertek Testing Services said exports of Malaysian palm oil products for June fell 19.9% to 1,343,428 tonnes.

Indonesia set July crude palm oil reference price at $542.45 per tonne, below the $750 per tonne.

Crude palm oil prices in spot market dropped by 2.80 rupees and settled at 504.50 rupees.

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